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The Latest Breaking News from the Congressional Budget Office

Pentagon’s latest Iran war cost estimate: $43.6 billion

The Iran war has cost $43.6 billion as of this month, the highest official estimate to date, the Pentagon told Congress’ defense oversight panels this week. The cost estimate comes as polls show Americans increasingly oppose the war, partly over its impact on the economy, and the issue is looming…

Roll Call

AM radio could soon return to every new car in America — here’s what the House bill means for car buyers, emergency alerts and electric vehicles

The US House passed a bill requiring automakers to include AM radio. This legislation ensures access to local news and emergency broadcasts during outages. Electric vehicle manufacturers may face engineering challenges with this new requirement. The bill now moves to the Senate for consideration and presidential approval. If enacted, AM…

The Economic Times

Pentagon Auditors Say the Iran War Has Cost $33 Billion. The Real Price Tag Is Far Higher.

The Congressional Budget Office says the inflationary consequences of the war will be felt well into 2027.

Reason

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Iran war has cost $38 billion and counting, CBO says

The Iran war directly cost the Pentagon $38 billion through July and is likely to consume $2 billion to $3 billion more per month if recent hostilities in the region continue, the Congressional Budget Office reported Tuesday. The CBO report’s estimate of the war’s direct impact on the federal budget is…

Roll Call

How Boomers voted the next generation a $40 trillion debt — and counting

Over a 25-year reign spanning the presidency, Congress and the C-suite, the baby boom generation built the largest debt in U.S. history—and left the bill.

Fortune

Hospitals Claim New Trump Administration Medicaid Rules Could Cost Hundreds of Billions of Dollars

US hospitals warn that new Medicaid regulations could lead to service reductions, staff layoffs, and closures. Proposed rules aim to save billions but face opposition from hospital associations

International Business Times UK

SNAP Enrollment Is Falling Faster Than Expected — Here’s What’s Happening in Each State

Something unusual is happening to America’s largest food-assistance program: millions of people are disappearing from the rolls much faster than federal forecasters expected. Newly released...

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‘What they’ve done’: Adam Kinzinger is astounded after Republicans warn about $40 trillion in debt they allegedly helped make possible

How do you solve a problem like a national debt?

We Got This Covered

Exempting Rare Disease Drugs Would Erase Most Savings from a Medicare Price Pilot, Analysis Finds

A new analysis finds exempting rare disease drugs from a Medicare price pilot would wipe out most projected savings on retail medications.

Medical Daily

Cassidy’s hepatitis C bill delayed over CBO score

A bipartisan bill aimed at combating hepatitis C is stalled in the Senate due to a high score from the Congressional Budget Office, the bill’s lead sponsor Bill Cassidy, R-La., said on Thursday. The bill, co-sponsored by Sen Chris Van Hollen, D-Md., proposes a national strategy to reduce hepatitis C…

Roll Call

CBO: House highway bill would widen trust fund deficit

The House version of this year’s mega surface transportation reauthorization bill could increase the deficit anticipated in the Highway Trust Fund over the next five years despite the inclusion of new fees on electric vehicles and hybrids, according to the Congressional Budget Office The CBO analysis, released Thursday, found that…

Roll Call

H.R. 1 Ends Medicaid on October 1 2026 and Medicare on January 2027 for Hundreds of Thousands of Legal Immigrants

H.R. 1 ends Medicaid for refugees, asylees, and other lawfully present immigrants October 1, 2026. Current Medicare enrollees outside permitted categories lose coverage January 4, 2027.

Medical Daily

3 Dividend Kings to Buy Now to Replace the Social Security Income You're About to Lose

The Congressional Budget Office (CBO) released a report this year containing one number that should change how every American near retirement thinks about income. Here's 3 dividend stocks to replace that lost income.

Barchart

Trump's proposed 'Golden Dome' estimated to cost USD 1.2 trillion, far more than he initially said

President Donald Trump's ambitious "Golden Dome" missile defense system is projected to cost a staggering USD 1.2 trillion over two decades. This futuristic plan, intended to protect America, is significantly more expensive than initially announced. The Congressional Budget Office analysis highlights the substantial financial commitment required for this advanced defense…

The Economic Times

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Saving Advice

5 Reasons the Social Security Trust Fund Could Run Out by 2032

For decades, Americans have treated Social Security as one of the safest financial programs in retirement. Millions of retirees depend on those monthly checks to...

International Business Times UK

Pentagon's DoD Pushes for $125M Rebrand to Department of War as Officials Call for 7,600 Changes to Federal Law

The Pentagon seeks to rename the Department of Defence to the Department of War, a move projected to cost up to £92.5 million and facing opposition from Democrats over financial concerns.

International Business Times UK

US Treasury Department Adds Venmo Option to Solicit Public Donations for Staggering $39 Trillion National Debt Burden

The US Treasury now accepts Venmo and PayPal for debt donations, sparking viral attention, though the effort has little impact on the nation's $39 trillion debt.

Fortune

The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely

“Making progress to address the fiscal trajectory would be a positive for the U.S. economy,” Swagel said. “We can’t go on [with] the scolding narrative.”

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Fortune

The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

Budget experts agree on one thing. The debt is on an "unsustainable" trajectory.

Fortune

The national debt isn't $39 trillion. One economist says it's actually $100 trillion

"It's not a Ponzi scheme," Penn Wharton's Kent Smetters explained to Fortune. "It's a shell game."

Saving Advice

Urgent Social Security Warning: New CBO Report Says Benefits Could Be Cut by 2032

If you rely on Social Security now—or plan to in the next decade—there’s a new warning you can’t afford to ignore. The Congressional Budget Office...

Fortune

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

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.

The Independent UK

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

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.

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