From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by only three parts of the federal budget: Social Security, health care, and net interest on the national debt.
The new Department of Government Efficiency can't go after Medicare or Social Security. That leaves Medicaid in a vulnerable position.
Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.
The Trump administration has put a hold on all federal financial grants and loans, affecting tens of billions of dollars in payments.
A new forecast from the Congressional Budget Office reveals the scale of the fiscal challenge that the second Trump administration has inherited from its predecessors. Amid much talk about the problem,
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the Congressional Budget Office provided a dour forecast.
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for
A two-page OMB memo falsely claims that the president can refuse to spend money on programs authorized by Congress
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.
Virginia has an opportunity to improve residents’ health by increasing Medicaid payments to primary care physicians, ODU family medicine professor Bob Newman, M.D., writes in a guest column.
Early this week when the Trump administration inflicted chaos on Nevada and the nation by announcing a sweeping freeze on federal financial assistance that even the administration couldn’t explain, several Nevada Democratic elected officials condemned Trump’s action.