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

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

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if lawmakers don't act to raise the debt limit before then.

Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker Carlson. TUCKER CARLSON: The president suggested in describing his plan for ...

Privatization has implications for people covered by Medicare, health care providers, Medicare spending, and taxpayers.

The mix of slower population growth and unfettered spending will also result in weaker economic growth over the next three ...

“The Treasury has already reached the current debt limit of $36.1 trillion, so it has no room to borrow under its standard ...

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even by late May - unless Congress acts to raise the nation's debt ceiling, the ...

March 27 (UPI) --If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or September, the Congressional Budget Office warned.

WASHINGTON, March 27 (Reuters) - The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the next 30 years, in part due to rapidly ...