US To See Rising Debt, Deficit In Next Decade: Budget Office
The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said Friday, days before President-elect Donald Trump takes office.
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the Congressional Budget Office provided a dour forecast.
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
US population projections shrink from last year because of declining birth rates, less immigration
The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents. That's a 2.8% drop from last year's projections.
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Population projections decrease for 30-year outlook
The Congressional Budget Office has revised its 30-year population projection for the United States to 372 million residents, which is a 2.8% decrease from the previous year.
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Navy shipbuilding plan would cost $1 trillion over the next 30 years
The Navy's plan for its future fleet would require $1 trillion and a drastic increase in productivity at the nation's shipyards.
Trump wants to cut taxes. So do governors and lawmakers in some states
JEFFERSON CITY, Mo. — President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more.
Navy Expansion Plans Could Cost Over $1 Trillion
The Navy's 2025 plan would cost 46 percent more each year—when adjusted to take out inflation—than the average amount dedicated yearly over the past five years, the CBO said. The total shipbuilding costs would cost $40 billion annually over the next 30 years in today's money, coming in at 17 percent more than the Navy estimates.
National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
Trump plans an audacious grab for congressional ‘power of the purse’
As a presidential candidate last year, Donald Trump declared that if California Gov. Gavin Newsom (D) did not divert more of the state’s limited water supply to farmers, “we won’t give him money to put out all his fires. And if we don’t give him the money to put out his fires, he’s got problems.”
Congressional analysis lays bare AUKUS challenges as Australia looks to arm future submarines with hypersonics
A new budgetary report said it would be 'difficult and expensive' to sell Virginia class submarines to Australia without compromising the US Navy.