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

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

The US government has spent over a trillion dollars more than it collected in revenue during the first 10 months of the 2025 ...

The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest earners the most, according to an analysis released by Congress’s budget ...

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.

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 ...

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.

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.