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The Latest Breaking News from the Congressional Budget Office

COVID-19 clawbacks, spending caps and a cut – what House Republicans got in return for pushing the US to the brink of default

House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending.

The Conversation

Biden, McCarthy will attempt to salvage debt limit deal

President Joe Biden and Speaker Kevin McCarthy plan to meet Monday afternoon to discuss how to raise the debt limit after a weekend of negotiations by proxies left each side accusing the other of throwing up new roadblocks to a deal.

Tribune News Service

Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't!

Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't!

The debt ceiling isn’t the issue; excessive federal spending is the real problem.

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Biden, McCarthy will attempt to salvage debt limit deal - Roll Call

President Joe Biden and Speaker Kevin McCarthy meet Monday to discuss how to raise the debt limit after a weekend of talks by proxies.

More red ink: Congressional budget agency projects bigger deficits as debt talks continue

The Congressional Budget Office says this year’s projected federal budget deficit has jumped by $130 billion

The Independent UK

CBO sees 'significant risk' of debt limit breach before June 15 - Roll Call

The Congressional Budget Office on Friday warned of a "significant risk" the U.S. will run out of cash and borrowing authority by June 15.

New debt limit forecast crashes into Capitol Hill - Roll Call

The federal government's debt managers warned Congress on Monday that lawmakers may have even less time to raise the borrowing limit.

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Congress eyes work rules for millions covered by Medicaid

Congress eyes work rules for millions covered by Medicaid

More than half a million of the poorest Americans would be left without health insurance under legislation passed by House Republicans that would require people to work in exchange for health care coverage through Medicaid

The Independent UK

Biden took jobless rate to 3.5%, but for how much longer?

Biden took jobless rate to 3.5%, but for how much longer?

President Joe Biden keeps seeing good economic news and bad public approval ratings

The Independent UK

Chicken-or-egg game is on as Congress barrels toward debt limit

WASHINGTON — A House budget resolution will be delayed in part to allow for negotiations with President Joe Biden on a debt limit increase paired with some sort of concessions on spending and other policies acceptable to Republicans, according to House Budget Chairman Jodey C. Arrington.

Tribune News Service

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