The CBO reports U.S. budget deficits will widen, with national debt reaching 156% of GDP by 2055, driven by rising entitlement spending and interest costs, urging fiscal policy adjustments.

“In CBO’s assessment, the changes in tariffs will reduce the size of the U.S. economy -- in part because of tariffs imposed by other countries in response to the increases in U.S. tariffs.

While the CBO’s interest rate projections for the coming decade show higher rates than over the past 30 years, rates on government securities are only forecast to be about a third of a ...

The Congressional Budget Office (CBO) said on Wednesday that Trump’s “One Big Beautiful Bill” would increase the US federal deficit by $2.4 trillion over ten years. The proposal, a ...

If CBO’s predictions are imperfect, what can we take away from its report that a bill adds $3.8 trillion to deficits over a decade? Holtz-Eakin: It’s important in two ways.

The CBO projected that the debt held by the public – a key metric for tracking the size of the national debt used by economists – totaled $26.2 trillion in 2023 and is set to rise to $27.9 ...

CBO said eliminating spread pricing and requiring community pharmacies to participate in a study on acquisition costs would reduce federal spending by $1.1 billion between 2024 and 2033.

The CBO's estimate says revenue from tariffs would reduce the deficit by $2.8T. The nonpartisan Congressional Budget Office estimates that President Donald Trump’s tariffs would shrink the U.S ...