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FILE PHOTO: A view of an agenda with the words "One Big Beautiful Bill Act

Politics Jun 04

What is the CBO? A look at the budget office in the middle of the debate over Trump’s big bill

By Kevin Freking, Associated Press

Politics Sep 26

Activists hold signs as they attend a Student Loan Forgiveness rally on Pennsylvania Avenue and 17th street near the White House on April 27, 2022 in Washington, DC. Photo by Anna Moneymaker/Getty Images
CBO estimates Biden’s student debt plan could cost $400 billion over 30 years

The estimate was issued Monday in response to a request from Republican lawmakers who oppose Biden's plan because of its cost. They cited the estimates as evidence that the plan will "bury" taxpayers.

By Collin Binkley, Associated Press

Economy Mar 04

CBO expects U.S. federal debt to double over next 30 years

The long-term drivers of managing the debt are rising interest rates and spending on programs such as Social Security and Medicare.

By Josh Boak, Associated Press

Economy Sep 23

WATCH: Senate budget committee holds hearing on updated CBO outlook

The Treasury Department said that the U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year.

By Martin Crutsinger, Associated Press

Economy Jun 01

CBO projects virus impact could trim GDP by $15.7 trillion

The Congressional Budget Office says the U.S. economy could be $15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus.

By Martin Crutsinger, Associated Press

Apr 24

Coronavirus relief pushing U.S. deficits to staggering heights

By Andrew Taylor, Associated Press

A recession caused by the coronavirus pandemic and a burst of government spending will nearly quadruple the government’s budget deficit, the Congressional Budget Office said Friday.

Continue reading

Jul 13

CBO says Trump’s budget doesn’t balance federal ledger as promised

By Andrew Taylor, Associated Press

Thursday's Congressional Budget Office report says that Trump's budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.

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Jun 29

As deficit spikes, CBO says Congress must act on debt by October

By Andrew Taylor, Associated Press

A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October.

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Jun 27

Facing defections, Senate GOP leaders delay health care vote

By Alan Fram and Erica Werner, Associated Press

Senate leaders scrambled to rescue their health care bill, in deepening jeopardy as opposition from rebellious Republicans intensified.

Continue reading

May 25

WATCH: Ryan addresses budget office score of GOP health care bill

By Alan Fram and Ricardo Alonso-Zaldivar, Associated Press

On Wednesday, the budget office said the House bill would leave 51 million Americans uninsured by 2026.

Continue reading

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