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The Latest Breaking News from CBO

Don't Extend Obamacare Subsidies To End the Government Shutdown

Government interference in health care should be reduced, not expanded.

Reason

Trump Tax Bill 2025: What Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's "big beautiful bill."

Kiplinger

Trump's Immigration Crackdown Could Cut 15 Million From US Workforce By 2035, Study Shows

The stringent immigration policies implemented by the Trump administration would significantly reduce the U.S. workforce over the next decade, according to a study, potentially impacting the nation’s economy.

Benzinga

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read the most diverse news in one place.

America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

The risk is “that we move from going broke slowly to going broke quickly,” Kelly says.

Fortune

Government shutdown could be longest ever, warns House Speaker Johnson

With Congress and the White House in stalemate, some are eyeing the end of the month as the next potential deadline to reopen the government.

Euronews

After All Those DOGE Cuts, Federal Spending Still Increased by $300 Billion

For the fiscal year that ended on September 30, the federal government spent more than $7 trillion and ran a $1.8 trillion deficit.

Reason

$1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is sustainable?"

Fortune

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What the Democrats Are Doing Right Now Won't Lower Health Care Costs—but Here's What Actually Would

Four ideas that are better than extending Obamacare subsidies and a government shutdown.

Reason

How Democrats are trying to bust Republican lies about healthcare for undocumented immigrants

At the centre of the government shutdown is the issue of healthcare for Americans being stripped by Trump’s ‘big, beautiful bill’

The Guardian - US

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

“With the kind of growth we have now, the debt is very low, relatively speaking. You grow yourself out of that debt,” Trump said.

Fortune

Here's why the US shutdown may prove more painful than past crises

Government shutdowns aren't uncommon in the US, but this one could be more damaging that prior crises. President Trump is threatening permanent job cuts at a time when the labour market is already weak.

Euronews

Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one

Shutdowns of the federal government usually don’t leave much economic damage

The Independent UK

US Government Shutdown For Dummies: What Does It Mean And How Are Americans Directly Affected?

Furloughs for 750,000 workers, frozen loans and a £2.6B weekly economic drag—this shutdown hits home. From cancelled weddings to closed parks, here's how it's disrupting everyday life.

International Business Times UK

750K federal workers risk furloughs in government shutdown, CBO estimates

Their compensation will total approximately $400 million per day.

Axios

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Fortune

If you can't work out why you're struggling when the economy is doing OK, it's because you're on the losing side

Oxford Economics finds that tariffs, labor dynamics, and policy shifts have hit younger and lower-income households hardest.

The Guardian - US

Trump wants to rebrand his ‘big, beautiful bill’ as the ‘Working Families Tax Cut’. Don’t be fooled

The budget measure will hurt poor people and boost rich people. It should really be called the Billionaires’ Tax Cut Act

Fortune

Trump's tariffs are bringing in a 'very significant' amount of revenue, top analyst says: Roughly $350 billion a year

Fortune's Shawn Tully and Steve "the money doctor" Hanke have argued that they bear a strong, uncanny resemblance to a tax western Europe has had for decades.

Fortune

Retirement is about to have a 'different set of rules,' says Trump's social security chief, warning 'everything' is on the table

With Social Security projected to be insolvent by 2032, Commissioner Frank Bisignano says options like raising the retirement age are on the table for U.S. retirees.

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Fortune

Ray Dalio says the world is running out of interest in buying U.S. debt—but that America's economy is unable to cut back on spending

But Dalio, speaking at the Future China Global Forum in Singapore this week, doesn't think the U.S. is in a position to pull back on its spending.

Roll Call

Neither side blinking yet as House preps for CR vote - Roll Call

Congress is on the verge of a showdown over a bill to keep the government open after Sept. 30, with the House expected to vote Friday on a stopgap funding bill.

Roll Call

Permanent health tax credit extension would insure 3.8 million: CBO - Roll Call

Democrats are urging action to avoid the year-end expiration of expanded subsidies for buying health insurance on government-run exchanges.

The Conversation

Fed rate cut is attempt to prevent recession without sending prices soaring

The Federal Reserve on Sept. 17, 2025, cut its target interest rate as it shifts focus from fighting inflation to supporting the choppy labor market.

Benzinga

Trump's Immigration Policies Could 'Shrink' GDP Growth As US Population Projected To Decline, Warns CBO

The U.S. population growth is expected to decline at a faster rate than previously projected due to President Donald Trump’s immigration policies, according to the Congressional Budget Office.

The Independent UK

Unemployment, inflation and GDP growth will be worse this year than projected, budget office says

The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year

Fortune

Congressional Budget Office says Trump's immigration crackdown will shrink U.S. population faster than expected, a threat to inflation and GDP growth

Economists have warned the president’s immigration policies could drive a labor shortage threatening to shrink U.S. GDP growth and amplify inflation.

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