The Congressional Budget Office reports that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts of the economy as weakening ...

The Congressional Budget Office released an economic ... the accumulated federal debt will likely continue to grow over the next decade to be equal to roughly 110% of U.S. gross domestic product.

The federal government borrowed $1.9 trillion over the past year – July 2024 to June 2025 – based on estimates from the ...

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, ...

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.

WASHINGTON (AP) — The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve’s 2 percent target rate in 2024, as overall growth is expected to slow and ...

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...

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 ...

WASHINGTON (AP) — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate ...

WASHINGTON (AP) — The Congressional Budget Office reported Wednesday that economic and job growth so far this year has been stronger than forecast in February, but an updated outlook sees parts ...