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

The Republican package would slash taxes, boost spending on immigration enforcement and the military, and impose steep cuts ...

Economists, investors and politicians have often warned that the U.S.’s growing debt burden would punish future generations.

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

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

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.

When a country’s interest payments on debt eclipse its military expenditure, the collapse of empire cannot be far away.

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

When a country’s interest payments on debt eclipse its military expenditure, the collapse of empire cannot be far away.