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The Latest Breaking News from CBO

Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II

Debt and deficits will put Kevin Warsh under great pressure to keep interest rates low and rely on short term borrowing. But long term that will have serious consequences.

Fortune

The Latest: FBI executes search warrant at Fulton County elections office near Atlanta

FBI agents are executing a search warrant at the Fulton County elections office near Atlanta

The Independent UK

The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds

Trump’s federal troop deployment to U.S. cities is costing about $93 million a month, according to the Congressional Budget Office.

Fortune

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CBO: National Guard deployments cost half-billion dollars

Patrols in six U.S. cities cost about $496 million in 2025, and continued deployments would cost about $93 million per month.

Roll Call

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Fortune

How the middle class was hollowed out from 1979 to 2022, according to new federal data

The top 1% saw its share of household income double from 1979 to 2022, going from 9% to 18%, the CBO said. The middle cohort saw the biggest decline.

Fortune

Taking Judicial Notice Of "Very Elite" Economic Predictions

Can the Court base its ruling in Cook on predictions of a recession?

Reason

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Trump's "Department of War" rebrand could cost $125 million

The CBO cautioned its estimate is "uncertain," however, because the Pentagon declined to share info.

Axios

Trump’s ‘Department of War’ rebrand could cost $125 million, says the CBO, for the likes of replacement stationery and new signs

A conservative estimate would be $10m, wrote the Congressional Budget Office, but depends on how aggressive the Department of War wants to be with its rebrand.

Fortune

America’s $38 trillion national debt is so big just the interest will soon cost more than Medicare

The staggering math behind the rapid rise in interest due on our outsize debt.

Fortune

Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior

The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an increase in the rate of inflation."

Fortune

Budget office expects Federal Reserve to cut rates in 2026

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates in 2026

The Independent UK

More Americans will die than be born in 2030 - meaning immigration will be the only form of population growth, study says

Without immigration, the population will start to decline by 2030

The Independent UK

For jobless Gen Z, production and healthcare sectors are the place to be says ADP's top economist, as blue-collar hiring outstrips office jobs

ADP's jobs report delivered a sucker-punch to Gen Z grads this week: While hiring is up across private payrolls according to December data, it was offset by a significant drop in professional and business services.

Fortune

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Fortune

More Americans will die than be born in 2030, CBO predicts—leaving immigrants as the only source of population growth

Deportations shrank this timeline by a decade, putting unprecedented pressure on Social Security.

The Independent UK

Trump immigration policies and aging population slow US growth projection, budget office says

The U.S. population is projected to grow more slowly over the next 30 years

Fortune

Donald Trump says national debt is ‘peanuts’ compared with tariff income, which will pay dividends—but the math isn’t adding up

A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as much as Trump’s tariffs are estimated to raise.

Fortune

The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China

Scott Bessent said in August that tariffs would raise “well over half a trillion, maybe toward a trillion-dollar number.” It hasn’t panned out that way.

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Roll Call

Smucker enters Budget Committee race as odds-on favorite - Roll Call

Rep. Lloyd K. Smucker, the favorite to become the next top Republican on the House Budget Committee, is eyeing a second reconciliation bill.

Benzinga

Trump's Recent Tariff Rollbacks Erase Nearly $800 Billion In Expected Debt Reduction: CBO

The Congressional Budget Office (CBO) has released new projections indicating that the recent rollbacks of President Donald Trump‘s aggressive tariff strategy have nullified an anticipated $800 billion reduction in debt over the next decade.

Axios

CBO slashes tariff deficit forecast, complicating Trump's $2,000 checks

Senate Republicans would rather the tariff money go toward deficits than dividends.

Fortune

Trump's retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

The Congressional Budget Office is projecting $2.5 trillion of deficit reduction over 11 years, down from its $3.3 trillion projection in August.

Benzinga

SNAP Survived Shutdown, But New Work Rules Threaten Millions

Just as food aid resumed after the federal government reopened, millions of Americans now risk losing Supplemental Nutrition Assistance Program benefits under a new law that tightens who qualifies and shifts more costs to states.

Evening Standard

Brazen Boots shoplifter jailed and banned from City of London

George Lupascu, 38, stole health and skincare products from shop on Moorgate

The Independent UK

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

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