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.
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.
Coronavirus relief pushing U.S. deficits to staggering heights
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.
CBO says Trump’s budget doesn’t balance federal ledger as promised
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.
A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October.
Senate leaders scrambled to rescue their health care bill, in deepening jeopardy as opposition from rebellious Republicans intensified.
On Wednesday, the budget office said the House bill would leave 51 million Americans uninsured by 2026.
The House Republican plan to hold a vote Thursday on a replacement for the Affordable Care Act has been delayed after a day of frenzied efforts to win over GOP holdouts. Judy Woodruff gets updates from Lisa Desjardins on Capitol…
While two House committees worked through the night to pass the GOP health care bill in party line votes, party leaders aimed for the big picture. Top Democrat Nancy Pelosi decried the lack of analysis yet by the CBO, and…
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