The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...

The Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January through March 2024. Federal spending, as measured by ...

Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.

The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...

The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching 156% of gross domestic product in 2055. Gross domestic product is a measurement of ...

In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...

Large and growing federal debt is also set to slow economic growth over the coming decades, according to the CBO. Real GDP is projected to grow at an average rate of 1.6% per year from 2025 to ...

The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...

The CBO's budget forecasts that the debt held by the public as a percentage of gross domestic product (GDP), a metric favored by economists for comparing debt to economic output, is projected to ...

The debt ceiling does nothing to control spending—and puts the U.S. economy at risk. Congress should eliminate this outdated ...