News

CBO says US budget deficits to widen, national debt to surge to 156% of GDP
The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...
Committee for a Responsible Federal Budget10d
Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...
Social Security is in worse shape than you think
The Congressional Budget Office projects the Social Security shortfall will be 28% by 2055, based on a bizarre assumption ...
Committee for a Responsible Federal Budget10d
CBO Estimates Deficit Up $44 billion, Spending Up $140 billion in 2025
The Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January through March 2024. Federal spending, as measured by ...
GOP tax cuts add $6T to debt and hurt growth without spending cuts, CBO finds
The Congressional Budget Office said on Thursday that making the 2017 tax cuts permanent and adding other tax breaks sought ...
Don’t be misled about what’s driving our budget deficit
Using this benchmark, we can attribute 71 percent of the 2025 deficit to spending policy decisions and 29 percent to tax ...
Public Broadcasting Service (PBS)7d
House Republicans pass budget framework to begin work on Trump’s congressional agenda
In a dramatic vote, House Republicans passed a $5 trillion budget framework that kick-starts the process for President ...
Bessent: CBO Scoring Is Like Enron Accounting, It's Not Real
Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker ...
The Washington Informer7d
House Republicans Approve Budget Slashing Medicaid, Nutrition Aid While Pushing $5.5 Trillion in Tax Breaks for the Rich
House Republicans approve a budget blueprint that slashes Medicaid and child nutrition assistance to fund a 2017 Trump tax ...