Executive Gov4d
CBO Projects Debt, Budget Deficit Increase Through 2035
Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected on Friday that the federal budget deficit would hit $1.9 trillion in fiscal ...
U.S. borrowing hits $710 billion in first 3 months of fiscal year
The federal government borrowed $710 billion in the first three months of fiscal year 2025, with 10 days before President-elect Donald Trump takes office. The Congressional Budget Office reported $710 ...
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 ...
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Federal Deficit Hit $1.8 Trillion for 2024, CBO Says
Overall, the deficit was 4% smaller than CBO had projected in June. The largest federal entitlement programs—Social Security and Medicare—cost 6% more than they did in fiscal 2023, or even ...
AOL22d
Trump tariffs would shrink the federal deficit, but also the economy, CBO says
the CBO warned tariffs would make consumer and capital goods more expensive, cause U.S. businesses to delay or forgo new investment, reduce productivity, and trigger retaliation that hits U.S ...
Washington Examiner14d
U.S. borrowing hits $710 billion in first 3 months of fiscal year
Federal agencies, including the CBO, expect deficit spending to continue despite promises from Trump and others to cut the federal budget. Trump promised to cut “hundreds of billions” in ...