The country risks an economic "heart attack" if lawmakers are unable to reel in the national debt, warns one hedge fund ...

House Republican leaders are working to come to an agreement with fiscal hawks about what spending cuts to seek in ...

House Majority Leader Steve Scalise (R-La.) confirmed that lawmakers are closing in on the “roughly” $1 trillion target but ...

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

This technical note explains how we adjust the Congressional Budget Office (CBO) ten-year budget baseline issued in January 2025 to create our CBPP baseline, which we use in our analyses of ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number of p ...

The Pell Grant program has a $2.7 billion shortfall heading into the coming fiscal year, according to new projections from the Congressional Budget Office.

U.S. federal budgeting has two major categories of spending. The one subject to the most scrutiny is “discretionary” spending, which is the basis of the annual appropriations process. This includes ...

As they try to enact President Donald Trump’s agenda, congressional Republicans face the same political risk as a generation ...

CBO’s new projection is similar to its June ... such as disallowing state schemes that push more Medicaid costs onto the federal budget, would deliver substantial savings. But most of the ...