WASHINGTON (Reuters) - The costs of operating and modernizing America's nuclear forces through 2034 are projected to soar to ...

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.

During a House Appropriations Committee hearing prior to the congressional recess, Rep. Nick LaLota (R-NY) grilled CBO ...

The Congressional Budget Office said on Thursday that making the 2017 tax cuts permanent and adding other tax breaks sought by President Donald Trump would add $6 trillion to the deficit over the next ...

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 ...

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

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.

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August.

The nonpartisan Congressional Budget Office (CBO) recently released its long-term budget outlook and showed that budget deficits are on track to widen in the years ahead, pushing the national ...

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 ...

Rep. Guy Reschenthaler (R-PA) pointed to DOGE's findings, citing how an estimated trillion dollars in savings could be found in just waste, fraud, and abuse.

The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the country’s record in just a few years. The CBO released a long-term budget ...