How the CBO gets to these figures is at the center of a long-running debate in Washington, because these estimates often ...

The CBO said it expects interest rates to continue to rise, as well as slower growth in the gross domestic product for the rest of this year and unemployment reaching 4.7% by the end of 2024. Skip ...

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

President Donald Trump’s domestic agenda got an enormous boost Thursday as House lawmakers approved his multitrillion tax and ...

Congressional Budget Office (CBO) ... In regard to the next 10 years, he said the deficit is projected to grow to 6.9 percent of gross domestic product (GDP) in 2033, ...

Earlier this year, the CBO projected that federal budget deficits are expected to average $1.9 trillion, or about 5.4% of ...

The more Republicans insist that their far-right legislation would shrink the deficit, the more the CBO's arithmetic points in the opposite direction.

US federal debt will reach a record 116% of gross domestic product by 2034, up from 93% today. That’s according to the Congressional Budget Office.As the bipartisan Washington agency tasked with ...

The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of households ... or reduce the rate of the gross domestic product by 0.06 percentage points per year.

The nonpartisan Congressional Budget Office released a detailed report Tuesday that found the U.S. will have brought ... the surge will increase nominal gross domestic product by $8.9 trillion ...

Earlier this year, the CBO projected that federal budget deficits are expected to average $1.9 trillion, or about 5.4% of gross domestic product (GDP), over the next 10 years, well above the 50 ...