Shutdown projected to cost U.S. economy $3 billion, government report says
The report says the five-week shutdown has slowed growth in the near term, but that most of the lost growth "will eventually be recovered."…
Tax cuts, spending to raise deficit to $1 trillion by 2019, according to new analysis
The Trump administration had promised the cuts would pay for themselves.
CBO says Children’s Health Insurance Program would cost $800 million for five years
Financing for the program expired last fall. Congress has temporarily extended its funding, but growing numbers of states have moved closer to exhausting their money.
Modernizing America’s nuclear arsenal would cost $1.2 trillion, CBO says
The costs will accumulate over the next 30 years as existing weapons now considered outdated are replaced, according to the budget office, which projected the expenses will crowd out conventional weapons programs unless the Pentagon's budget is increased substantially.
The nonpartisan Congressional Budget Office also estimated that cutting off the payments would add $194 billion to federal deficits over a decade.
The latest legislation in the Senate offers a greater reduction in the deficit by preserving certain taxes Republicans had killed in the older version. They found more savings by reducing and ending certain federal matching funds and capping per-capita-based payments…
The report from Congress' nonpartisan budget analyst says the measure would cause average premiums for people buying their own health insurance to double by 2026.
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.
