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

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 ...

Phillip Swagel, director of the Congressional Budget Office, ... According to the CBO, U.S. federal debt totaled $26.2 trillion at the end of 2023, about 97% of gross domestic product.

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 ...

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 U.S. budget deficit is on track to return to levels only seen in the pandemic and World War II, if spending and taxes remain at current levels, the CBO said. Congressional Budget Office paints ...

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

President Donald Trump says chronic U.S. trade deficits are a national emergency. His tax bill will make them worse. The ...

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.

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 ...