The Congressional Budget Office estimated that the House version of the One Big Beautiful Bill Act would reduce Medicaid enrollment and cause millions of people to become uninsured by 2034. It didn’t ...

The office also estimated that the federal budget deficit for the first nine months of the 2025 fiscal year, which began in October, is $1.3 trillion. The number is $65 billion more than it was for ...

Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while ...

The CBO's forecasting restrictions prevent it from predicting an inflationary debt crisis, despite rising U.S. debt and ...

The Congressional Budget Office (CBO) released its Monthly Budget Review for June 2025, estimating that federal spending, a ...

If there is one thing presidents of both parties can agree on, it’s that the Congressional Budget Office causes them ...

Analysis finds reconciliation bill would most benefit high earners and reduce financial resources available to the ...

The Congressional Budget Office (CBO) projects that the tax piece of President Trump’s “big, beautiful bill,” a core ...

For now, the budget bill is unpopular, according to polls ranging from the Washington Post to FOX News, in which, on average, 55% of surveyed Americans opposed it, while 31% supported it.

The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.

The new numbers represent a $4.5 trillion decrease in tax revenues and a $1.2 trillion cut in spending through 2034.

The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a ...