The Latest Breaking News from CBO

Historic federal debt default could occur before July, cautions non-partisan agency. Plus, whatever happened to middle age?

WASHINGTON — The federal government will run out of cash to pay all its bills sometime between July and September unless the statutory debt limit is lifted, the Congressional Budget Office warned Wednesday.

The federal government could run out of cash to pay all its bills sometime between July and September unless the debt limit is lifted.

The bipartisan (if shouty!) embrace of big-government nationalism ensures our populist moment won't end any time soon.

Immigrants will make up for the lag in new births in the U.S. in the coming decades, a recent government report predicts.

Getting rid of the much-despised tax agency would be a good idea. It’s unlikely to happen anytime soon.

Nicola Gregory appeared before a court last month

The Congressional Budget Office projects that future deficits will explode. But there's a way out.

Instead of redirecting course, Biden is continuing Trump’s spending legacy.

The total assets of Oman’s Islamic banking sector, including Islamic banks and windows operating in the sultanate, jumped by 9.1 percent year-on-year to reach at RO6.4 billion ($16.6 billion) by late September 2022. Oman’s Islamic banking assets now account for 16.2 percent of the country’s total banking system assets, according…

With thousands of troops having trouble paying for food, lawmakers are pushing the Pentagon for bigger, targeted pay increases.