The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare ...

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

The International Monetary Fund (IMF) has warned that President Donald Trump’s “One Big, Beautiful Bill” (OBBA) may result in ...

The Congressional Budget Office projects an explosive rise in federal debt, despite slight improvements in the past year, as the country faces a fiscal reckoning in the coming decades.

Professor Phillip Joyce, author of the book The Congressional Budget Office: Honest Numbers, Power, and Policymaking. Thank you for teaching us about CBO and its work.

Congressional Budget Office projects lower inflation and higher unemployment into 2025 The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the ...

The estimate is from the Congressional Budget Office’s monthly report for August, and it’s even worse than that headline. President Biden was saved from an uglier official figure only because ...

The CBO will release its analysis of the GOP Senate health care bill Monday. — -- The Congressional Budget Office will release its first analysis of the Republican Senate health care bill ...

The White House and the Congressional Budget Office are at odds over how much revenue the Internal Revenue Service could recoup from tax cheats. By Jim Tankersley Alan Rappeport and Emily Cochrane ...

When a member of Congress proposes a bill, there's a nonpartisan agency that tells lawmakers how much their bill would cost: The Congressional Budget Office. But estimating these costs can get messy.

The budget office now expects the unemployment rate to fall to 5.3 percent at the end of the year, down from an 8.4 percent projection in July. The unemployment rate stood at 6.7 percent in December.