During a House Appropriations Committee hearing prior to the congressional recess, Rep. Nick LaLota (R-NY) grilled CBO ...

The Congressional Budget Office (CBO) recently found that extending the 2017 Tax Cuts and Jobs Act (TCJA) and adding $1.5 ...

The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to raise the nation's debt ceiling, the ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker Carlson. TUCKER CARLSON: The president suggested in describing his plan for ...

“The Treasury has already reached the current debt limit of $36.1 trillion, so it has no room to borrow under its standard operating procedures,” according to the CBO report. An analysis released on ...

The latest projection by the CBO was announced Wednesday. However, it explained that if the government's borrowing needs are "significantly greater" than the nonpartisan agency expects ...

What started as one of the most buzzed-about narratives in the Red Sox spring training has quietly faded into the background.

The CBO's latest long-term budget projections show federal deficits accelerating to 7.3% of the economy in fiscal year 2055 from 6.2% in 2025. That is up from the 30-year average from 1995 to 2024 ...

The Central Bank of Oman (CBO) has rolled out significant enhancements to its Direct Debit service, marking a strategic ...

CBO Sees US Deficits Rising Over 30 Years, Economic Growth Slowing By Richard Cowan WASHINGTON (Reuters) - The U.S. Congressional Budget Office on Thursday projected significant increases in ...