The Latest Breaking News from CBO

Throwing Money at the IRS Won't Fix Its Problems

Can the government turn $80 billion into $204 billion? Probably not.

Reason · Oct 3, 2022

Biden slashes back student loan relief plan as Republican launch lawsuits

Changes expected to affect some 770,000 borrowers, official said

The Independent UK · Sep 30, 2022

Editorial: Another $400 billion, but who will ever notice?

Democrats want to talk abortion, abortion, abortion, hoping intently that voters don’t notice the economy, the economy, the economy. But amid a steady torrent of bad economic news, the party faithful may be engaging in a mission of futility.

Tribune News Service · Sep 28, 2022

Ways and Means leaders working on lame-duck Social Security fix

A year-end package is being eyed to fix a provision that many say unfairly cuts benefits for public employees who have government pensions.

Roll Call · Sep 23, 2022

Yellen defends IRS cash infusion, plugs customer service plans

WASHINGTON — The IRS will use part of its new $80 billion influx of cash to fully staff in-person help centers, increase phone and online services and assemble a team of experts to guide the agency’s customer service efforts, Treasury Secretary Janet L. Yellen announced Thursday.

Tribune News Service · Sep 15, 2022

Yellen defends IRS cash infusion, plugs customer service plans - Roll Call

The IRS will use part of its new $80 billion influx of cash to fully staff in-person help centers and increase phone and online services.

Roll Call · Sep 15, 2022

Fact check: Will middle-class taxpayers really face an ‘army’ of IRS agents?

WASHINGTON — Look out, warn the Republicans. The Internal Revenue Service is about to unleash an army of agents eager to audit you and cost you a lot of money and aggravation.

McClatchy Washington Bureau · Aug 29, 2022

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

Reason · Aug 12, 2022

Inflation Reduction Act may have little impact on inflation

With inflation raging near its highest level in four decades, Congress is poised to approve President Joe Biden’s signature Inflation Reduction Act

The Independent UK · Aug 12, 2022

Budget bill clears as Democrats seek to head off midterm losses - Roll Call

The House on Friday cleared a climate, health and tax package salvaging key parts of Democrats’ domestic agenda.

Roll Call · Aug 12, 2022