U.S. budget deficits were already approaching $2 trillion when Republican lawmakers set out to extend and expand tax cuts ...

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

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

The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

The International Monetary Fund (IMF) has warned that President Trump’s tax bill, now nearing final approval, could make it ...

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

The latest jobs data came in way better than expected. That emphatically confirmed the wisdom of Fed chief Jerome Powell and the other 11 members of the Federal Open Market Committee. Powell and his ...

U.S. Rep. Lloyd Smucker said he chose to vote Thursday for the massive tax cut and spending bill after getting assurances ...

The largest-cut claim was made by Republican U.S. Rep. Scott Fitzgerald, who represents part of southeastern Wisconsin. His office cited a $1.7 trillion claim made by the Trump administration.

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