Washington is running its largest peacetime budget deficit in American history. The national debt held by the public has leaped from 40 percent of the economy in 2008 to 100 percent today—on its way ...

The CBO is trying to tell us that extending the Trump tax cuts is going to increase the budget deficit, despite evidence to ...

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their ...

President Trump (and his successors) may find that, without immigration or an aggressive baby boom, an aging America will face sluggish economic growth, economic dislocations, and huge unfunded ...

The Pell Grant program has a $2.7 billion shortfall heading into the coming fiscal year, according to new projections from the Congressional Budget Office.

A budget deficit occurs when expenses exceed ... According to estimates by the Congressional Budget Office (CBO), Biden’s American Rescue Plan is projected to add $1.9 trillion to the national ...

This technical note explains how we adjust the Congressional Budget Office (CBO) ten-year budget baseline issued in January 2025 to create our CBPP baseline, which we use in our analyses of ...

The Congressional Budget Office recently released a report analyzing the accuracy of their budget projections. The agency releases this report every year comparing its forecasts of revenue, spending, ...

Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the Congressional Budget Office’s (CBO) ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of p ...

Medicare and interest payments outpace growth in revenues," CBO Director Phillip Swagel told reporters. The federal government is projected to run a $1.9 trillion budget deficit in fiscal year 2025.

(The Center Square) – The Congressional Budget Office's most recent report delivered a grim outlook for federal finances, noting that public debt will rise from nearly $29 trillion to $52 ...