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The Latest Breaking News from the Congressional Budget Office

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.

Fortune

US Congressional Budget Office Hacked: China Suspected in Ongoing Breach Threat

The Congressional Budget Office (CBO) faces an ongoing cyberattack, with suspected Chinese state-backed hackers targeting sensitive US budget and policy data.

International Business Times UK

Trump team is secretly handing out massive tax breaks to wealthy American corporations: report

The proposed regulations tack on to the tax relief laid out in the president’s ‘One Big Beautiful Bill’ Act

The Independent UK

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Congressional Budget Office investigating hack of its systems

A foreign adversary is likely behind the hack, the Washington Post first reported.

Axios

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

Fortune

Lawmakers’ health care, government shutdown claims - Roll Call

FactCheck.org digs into each party's claims about health insurance coverage — the issue that has spurred a shutdown over federal funding.

Roll Call

How the government shutdown is hitting the health care system – and what the battle over ACA subsidies means

Major rifts over key health care issues are at the heart of the federal government shutdown that began at the stroke of midnight on Oct. 1, 2025.

The Conversation

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Everything We Know About US Government Shutdown: What It Means, When It Last Happened And Why It's Back

The US federal government has shut down for the first time since 2019, halting non-essential services, furloughing hundreds of thousands of workers, and igniting a bitter political fight over healthcare funding.

International Business Times

Quick Facts About The US Government Shutdown: What It Means, When It Last Happened And Why It's Back

International Business Times UK

Health Insurance Subsidies Hang In The Balance Amid Federal Shutdown

Nearly 90 percent of people in ACA plans currently receive some level of federal assistance to reduce premiums.

International Business Times

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.

Fortune

Trump’s controversial $250 visa fee could cost the US economy $11 billion as tourists stay away, research finds

The Congressional Budget Office estimated that the “visa integrity fee” would bring in more than $27 billion over a decade

The Independent UK

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Benzinga

Here’s How Much Every Tax Bracket Would Gain — Or Lose — Under Trump’s ‘Big, Beautiful Bill’

After many months of touting the 'Big, Beautiful Bill,' President Donald Trump finally passed it with the approval of the House and Senate. How will it affect Americans' wallets?

GOBankingRates

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The Conversation

How 17M Americans enrolled in Medicaid and ACA plans could lose their health insurance by 2034

The big tax and spending package President Donald Trump signed into law on July 4, 2025, will cut government spending on health care by more than US$1 trillion over the next decade.

The Independent UK

Trump’s ‘Big Beautiful Bill’ is estimated to leave millions without health care. He insists ‘it’s not going to cause death’

About 11.8 million people are at risk of losing their health insurance, according to the Congressional Budget Office

The Conversation

Rural hospitals will be hit hard by Trump’s signature spending package

The public health provisions in the massive spending package that President Donald Trump signed into law on July 4, 2025, will reduce Medicaid spending by more than US$1 trillion over a decade and result in an estimated 11.8 million people losing health insurance coverage.

Benzinga

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

The Social Security Administration (SSA) has come under scrutiny for distributing an email that inaccurately describes the impact of President Donald Trump’s new tax legislation on Social Security benefits.

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Benzinga

Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans

On Friday, President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will significantly widen the federal deficit and leave millions uninsured.

We Got This Covered

‘The ultimate betrayal’: Gavin Newsom just reminded us who really won under Trump — spoiler, it isn’t you

Gavin gets it, you get screwed.

Euronews

What is in Trump's tax and spending bill that will soon become law?

The bill is set to massively widen the US’ budget deficit and leave an added 12 million Americans without health insurance.

The Conversation

Employers are failing to insure the working class – Medicaid cuts would leave them even more vulnerable

The Congressional Budget Office estimates that 7.8 million Americans across the U.S. would lose their coverage through Medicaid – the public program that provides health insurance to low-income families and individuals – under the One Big Beautiful Bill Act making its way through Congress.

The Independent UK

Senate megabill would explode debt and kick 11.8 million off Medicaid: ‘Our fiscal house is basically on fire’

Over a decade, the bill would add at least $3.3 trillion to the national debt, according to the Congressional Budget Office

The Conversation

House tax-and-spending bill and other Trump administration changes could make millions of people lose their health insurance coverage

President Donald Trump has promised not to cut Medicaid many times over the past decade, including in the tax-and-spending legislative package he has made a top priority in his second administration.

Reason

David Stockman: Trump Is a 'Faker' on the Debt

Reagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.

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