Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.

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 ...

The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending ...

The nonpartisan Congressional Budget Office (CBO) released its latest 10-year budget and economic outlook Friday that showed the federal government is on track to break a debt record set nearly ...

At the same time, revenues are projected to hit $5.2 trillion this year, reaching 17.1 percent of the nation’s GDP. The figure is estimated to rise 1.1 percent by 2027 and see an overall 0.1 ...