Politics Jun 04 WATCH: Schumer says GOP wants to ‘strangle health care’ with Trump tax bill By Lisa Mascaro, Associated Press
Politics Jun 04 What is the CBO? A look at the budget office in the middle of the debate over Trump’s big bill A small, government office with some 275 employees has found itself caught in the political crossfire as Congress debates President Donald Trump’s “one big beautiful bill.”… By Kevin Freking, Associated Press
Politics Jun 04 How Trump’s big bill will affect taxes, the deficit and health care, according to the budget office President Donald Trump’s big bill making its way through Congress will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion over the next decade, according to an analysis released Wednesday by the nonpartisan Congressional Budget Office. By Lisa Mascaro, Associated Press
Politics Jun 03 WATCH: White House criticizes GOP senators worried about national debt and attacks CBO The president fired off a series of angry posts on social media Tuesday morning about Paul’s opposition to Trump’s big tax breaks and spending cuts package. By Associated Press
Politics May 22 House Republicans pull an all-nighter to pass Trump’s bill of tax breaks and program cuts With last-minute concessions and stark warnings from President Donald Trump, the Republican holdouts largely dropped their opposition to salvage the “One Big Beautiful Bill” that's central to the GOP agenda. By Lisa Mascaro, Kevin Freking, Leah Askarinam, Associated Press
May 21 As House GOP grinds ahead, new CBO report says Trump’s big tax cuts bill will add to deficit By Lisa Mascaro, Kevin Freking, Leah Askarinam, Joey Cappelletti, Associated Press GOP leaders worked late into the night to convince skeptical Republicans who have problems on several fronts, including worries that it will pile onto the nation's $36 trillion debt. Continue reading
Jun 18 Congressional Budget Office raises federal budget deficit projection by $400 billion By Fatima Hussein, Josh Boak, Associated Press Deficits are a problem for lawmakers in the coming years because of the burden of servicing the total debt load, an aging population that pushes up the total cost of Social Security and Medicare and rising health care expenses. Continue reading
Dec 15 Congressional Budget Office projects lower inflation and higher unemployment into 2025 By Fatima Hussein, Associated Press The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the unemployment rate will hit 4.4 percent in the fourth quarter of 2024 and remain close to that level through 2025. Continue reading
Sep 26 CBO estimates Biden’s student debt plan could cost $400 billion over 30 years By Collin Binkley, Associated Press 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. Continue reading
Jul 01 CBO projects federal deficit will hit $3 trillion this year By Martin Crutsinger, Associated Press In an updated forecast Thursday, the CBO said the deficit for the current 2021 budget year, which ends Sept. 30, will be the second-largest in history, coming in shy of last year's record shortfall of $3.13 trillion. Continue reading