Mar 04 CBO expects U.S. federal debt to double over next 30 years By Josh Boak, Associated Press The long-term drivers of managing the debt are rising interest rates and spending on programs such as Social Security and Medicare. Continue reading
Feb 08 CBO finds $15 minimum wage would reduce poverty, increase federal debt By Kevin Freking, Alan Fram, Josh Boak, Associated Press A new report from the Congressional Budget Office finds that increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for millions of people. Continue reading
Nov 13 U.S. budget deficit surges to $134.5 billion in October By Martin Crutsinger, Associated Press The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record. Continue reading
Jul 08 Hiking minimum wage to $15 would boost millions, government report says By Associated Press The nonpartisan Congressional Budget Office also said Monday some 1.3 million workers could lose their jobs with the higher wage. Continue reading
May 08 Column: A financial reality check on the push for health care reform By Philip Moeller Congressional Budget Office reports on single-payer health care, drug pricing and broader federal subsidies provide key insights into how much health care reform proposals will cost. Continue reading
Jan 28 Shutdown projected to cost U.S. economy $3 billion, government report says By Andrew Taylor, Associated Press 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."… Continue reading
Apr 09 Tax cuts, spending to raise deficit to $1 trillion by 2019, according to new analysis By Andrew Taylor, Associated Press The Trump administration had promised the cuts would pay for themselves. Continue reading
Jan 09 CBO says Children’s Health Insurance Program would cost $800 million for five years By Alan Fram, Associated Press 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. Continue reading
Oct 31 Modernizing America’s nuclear arsenal would cost $1.2 trillion, CBO says By Richard Lardner, Associated Press The costs will accumulate over the next 30 years as existing weapons now considered outdated are replaced, according to the budget office, which projected the expenses will crowd out conventional weapons programs unless the Pentagon's budget is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. Continue reading
Aug 15 Individual health policies will have higher premiums if Trump halts ‘Obamacare’ subsidies, report says By Ricardo Alonso-Zaldivar, Associated Press The nonpartisan Congressional Budget Office also estimated that cutting off the payments would add $194 billion to federal deficits over a decade. Continue reading