The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from ...

That’s higher than the $440 billion in extra borrowing costs CBO estimated in June, before Republicans reworked many of the ...

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...

Higher borrowing costs are driving up an estimate of the impact to the U.S. budget deficit from President Donald Trump’s ...

President Donald Trump's proposed budget cuts to the National Institutes of Health would eventually result in fewer drugs on ...

Put like that, this starts to sound like one of the rarest discoveries in federal budgeting: a free lunch. That means a ...

Potential NIH and FDA cuts could lower the number of new drugs that come to market in the next three decades, according to a ...

What is the CBO? Lawmakers established the Congressional Budget Office more than 50 years ago to provide objective, impartial analysis to support the budget process. The CBO is required to produce ...

WASHINGTON (AP) — President Donald Trump’s tax and spending law will add $3.4 trillion to federal deficits through 2034, the Congressional Budget Office reported Monday, a slight increase in the ...

The sweeping tax and spending cuts package that President Donald Trump signed into law on July 4 is expected to leave 10 ...

CBO Projects Huge Deficits, $116 Trillion in New Borrowing Over the Next 30 Years A new Congressional Budget Office report warns of "significant economic and financial consequences" caused by the ...

The Congressional Budget Office projects an explosive rise in federal debt, despite slight improvements in the past year, as the country faces a fiscal reckoning in the coming decades.