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

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

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

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 ...

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

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.

Ending the individual tax cuts President Donald J. Trump signed into law in 2017 would have a negligible effect on the American economy over the next decade, the nonpartisan Congressional Budget ...

Wendy Edelberg, a former chief economist at the Congressional Budget Office, is a senior fellow in economic studies at the Brookings Institution. Should Congress enact the budget reconciliation ...

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 released a report analyzing 76 policy options for reducing the federal budget deficit, ... or about 5.4% of gross domestic product (GDP), ...