The Republicans’ “big, beautiful bill” will make the poorest Americans even poorer, while padding the wallets of the highest ...

The tactic -- called a pocket rescission -- has been criticized by a handful of Republican senators as it would essentially ...

WASHINGTON -- The U.S. budget deficit in July climbed 20% this fiscal year compared to the last despite the U.S. taking in ...

It’s the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

The US government has spent over a trillion dollars more than it collected in revenue during the first 10 months of the 2025 ...

Finally, the new law mandates that updates to the package that underlies SNAP benefits cannot raise costs, which will lead to lower average monthly benefits. By 2034, average benefits will be $213 per ...

The supposedly “nonpartisan” Congressional Budget Office (CBO), which provides Congress with cost estimates for its policy proposals, may not be the neutral arbiter it claims to be, a new ...

The CBO will release its analysis of the GOP Senate health care bill Monday. — -- The Congressional Budget Office will release its first analysis of the Republican Senate health care bill ...

Congressional Budget Office projects lower inflation and higher unemployment into 2025 The office's Current View of the Economy from 2023 to 2025 report, released Friday, estimates that the ...

When a member of Congress proposes a bill, there's a nonpartisan agency that tells lawmakers how much their bill would cost: The Congressional Budget Office. But estimating these costs can get messy.

The estimate is from the Congressional Budget Office’s monthly report for August, and it’s even worse than that headline. President Biden was saved from an uglier official figure only because ...

Professor Phillip Joyce, author of the book The Congressional Budget Office: Honest Numbers, Power, and Policymaking. Thank you for teaching us about CBO and its work.