The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from ...

The US government has spent over a trillion dollars more than it collected in revenue during the first 10 months of the 2025 ...

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to lower average monthly benefits. By 2034, average benefits will be $213 per ...

The Congressional Budget Office projects an explosive rise in federal debt, despite slight improvements in the past year, as the country faces a fiscal reckoning in the coming decades.

Congressional Budget Office (CBO) Director Phillip Swagel discussed the current budget and economic outlook. He reported the U.S. could default on its debt between July and September unless the ...

The CBO will release its analysis of the GOP Senate health care bill Monday. — -- The Congressional Budget Office will release its first analysis of the Republican Senate health care bill ...

When a member of Congress proposes a bill, there's a nonpartisan agency that tells lawmakers how much their bill would cost: The Congressional Budget Office. But estimating these costs can get messy.

Professor Phillip Joyce, author of the book The Congressional Budget Office: Honest Numbers, Power, and Policymaking. Thank you for teaching us about CBO and its work.