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The Latest Breaking News from Congressional Budget Office

Keeping These Tax Cuts Is a Bad, Expensive Idea

Everyone loves lower taxes, but cutting them without reducing spending is bad news for the national debt.

Reason · Dec 12, 2024

The Impact of Trump's Cost-Cutting Initiative Hinges on What He Means by 'Government Efficiency'

Narrowly understood, the president-elect's familiar-sounding plan to tackle "massive waste and fraud" may not give us "smaller government" in any meaningful sense.

Reason · Nov 13, 2024

CBO: Fiscal 2024 budget deficit was $1.8 trillion - Roll Call

The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the Congressional Budget Office.

Roll Call · Oct 8, 2024

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Respected CBO staffer retires after nearly a half-century - Roll Call

One of the Congressional Budget Office’s longest-serving and most influential staffers, retired last week after 48 years on the job.

Roll Call · Sep 30, 2024

Denmark gets Novo Nordisk to lower Ozempic prices

As Congress pushes for Medicare to cover anti-obesity drugs, puzzlement remains about who should get them, for how long, and at what price.

Fortune · Aug 7, 2024

Congressional Budget Office Estimates Recent Increase in Immigration will Reduce the Budget Deficit

A new CBO report concludes it will save the federal government almost $1 trillion over the next ten years.

Reason · Jul 24, 2024

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

Fortune · Jun 24, 2024

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Federal Budget Deficit Forecast Jumps $400 Billion, Fueled by Student Debt Forgiveness

The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.

Reason · Jun 21, 2024

CBO Projects Record-High Deficit And Debt Levels

Congressional Budget Office report reveals a 0 billion increase in federal budget deficit, reaching record debt levels, posing challenges for future law...

CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

Roll Call · Jun 18, 2024

Congressional Budget Office projects a $400 billion increase in this year’s federal deficit

The Congressional Budget Office said Tuesday that it projects a federal budget deficit increase of $400 billion or 27% this year, from its last budget outlook released in February

The Independent UK · Jun 18, 2024

The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture

Why aren't politicians on both sides more worried than they seem to be?

Reason · May 30, 2024

How Immigration is Helping Boost the Labor Market Without Overheating it and Stoking Inflation

Increased immigration can boost the breakeven rate of the so called neutral payrolls growth. What this means

Latin Times · Apr 8, 2024

Latino Unemployment Rate Drops With Another Blowout Report that Exceeds Expectations

Concretely, the rate decreased to 4.5%, a little over the general one, at 3.8%

Latin Times · Apr 6, 2024

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International Business Times · Mar 22, 2024

Immigration's Economic Impact: A Deep Dive Into Labor, Housing And Productivity Trends

The surge in immigration has sparked a complex interplay between economic growth, labor dynamics, and housing challenges.

Reason · Feb 11, 2024

Immigration Could Reduce the Deficit by at Least $1 Trillion Over the Next Ten Years

But the Congressional Budget Office projection assumes we will not cut immigration levels, as is likely to happen if Trump returns to power.

Reason · Feb 8, 2024

Federal Government Will Borrow Another $20 Trillion in the Next Decade

Three things to know about the new Congressional Budget Office report on the growing federal deficit.

Reason · Feb 2, 2024

How Increasing Immigration Can Reduce the Deficit

And why the Congressional Budget Office does a poor job of making those estimates.

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The Independent UK · Dec 15, 2023

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

Reason · Sep 27, 2023

Welfare Cuts Are Inevitable Because Congress Won't Touch Social Security

Until Congress is willing to acknowledge that it makes no sense to send monthly checks to wealthy seniors, everything else will be on the chopping block.

The Conversation · Sep 5, 2023

Congress needs to pass 12 funding bills in 11 days to avert a shutdown – here’s why that isn’t likely

U.S. senators and representatives returning from their summer vacations will need to shake off their suntans in quick time and get down to business.

Zenger · Jul 29, 2023

The “Inflation Reduction Act” Will Do Almost Nothing That Joe Manchin Says It Will

By James D.

The Independent UK · Jul 26, 2023

Congressional Budget Office predicts slower economic growth and 4.7% unemployment into 2024

The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening through 2024

Reason · Jul 19, 2023

Why Did Joe Biden Stop Talking About the Deficit?

The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.

Reason · Jul 19, 2023

Biden's Latest Student Loan Scheme Has a Bigger Price Tag Than Originally Projected

The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.

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