Congressional Budget Office

Congressional Budget Office higher unemployment and lower GDP growth before recovering in 2024, due to lower inflation and interest rates.

The two trust funds that undergird the Social Security system will have a zero balance in 10 years, ...

President Joe Biden’s proposed discretionary budget for 2024 is well below baseline projections for both funding and spending ...

Reducing deficit spending by 50 percent, measured as a percentage of the nation’s gross domestic product (GDP), would ...

A stagnant economy, rising unemployment, higher interest rates, and burgeoning federal debt add up to a problem that ...

Lawmakers on Capitol Hill are rushing to get a government funding bill through both chambers of Congress—just three ...

Middle-class Americans were the hardest hit group by skyrocketing inflation in 2022, Congressional Budget Office (CBO) says. Inflation ...

The Congressional Budget Office (CBO) released its estimate of the Biden administration’s annual set of budgetary proposals to ...

House Democrats are moving forward with an Aug. 12 vote on the $700 billion Inflation Reduction Act despite ...

Cutting the U.S. government's budget is the best way to deal with out-of-control inflation, according to Maya MacGuineas, ...

The Congressional Budget Office (CBO) is expecting inflation to remain elevated in 2022 and then to subsequently decrease ...

The U.S. government's budget deficit is forecast to shrink this year before soaring in the coming years, the ...

The White House is dismissing a report that estimates President Joe Biden’s “Build Back Better” legislation will add ...

President Joe Biden's "Build Back Better" legislation, if passed through Congress, would increase the U.S. deficit by $367 ...

Treasury Secretary Janet Yellen on Friday urged congressional leaders to suspend or raise the national debt limit before Aug. 1. or face ...

The Congressional Budget Office (CBO) said on Wednesday that the U.S. Treasury Department is projected to exhaust its ...

The Congressional Budget Office (CBO) said this week that the U.S. economy is poised for real GDP growth ...

Immigration may boost the U.S. economy overall, but it doesn’t help individual workers, especially those at lower end ...

WASHINGTON—The latest economic outlook by the Congressional Budget Office (CBO) shows that if spending continues at the projected ...

In a letter to the director of the Congressional Budget Office (CBO), House Budget Committee Chairman John Yarmuth (D-Ky.) asked ...

A couple of months ago, the Congressional Budget Office issued a sobering report on the U.S. economy’s long-term ...

The nonpartisan Congressional Budget Office (CBO) last Friday released its analysis of President Obama’s budget for fiscal year ...