Stories tagged: Congressional Budget Office
Wed., Aug. 21, 2019, 1:56 p.m.
The U.S. budget deficit is set to widen to $1 trillion by fiscal year 2020, two years sooner than previously estimated, according to the Congressional Budget Office.
Wed., June 12, 2019, 12:24 p.m.
The federal government’s budget deficit in May rose to a record $207.8 billion, 41.5% higher than a year ago. Most of that increase reflected the impact of calendar quirks that …
UPDATED: Mon., Jan. 28, 2019, 6:31 p.m.
The federal government shutdown will cause slight permanent harm to the economy – about $3 billion – according to a report Monday by the Congressional Budget Office.
UPDATED: Fri., March 2, 2018, 3:14 p.m.
Trillion-dollar budget deficits are returning next year, and $2 trillion-plus deficits are not far off in the wake of President Donald Trump’s tax cuts and last month’s big budget deal, …
UPDATED: Mon., Nov. 27, 2017, 11:43 a.m.
The Senate Republican tax plan would give substantial tax cuts and benefits to Americans earning more than $100,000 a year, while the nation’s poorest would be worse off, according to …
UPDATED: Tue., Oct. 31, 2017, 3:51 p.m.
Congress’ budget analysts are putting a $1.2 trillion price tag on a long-term plan to modernize the U.S. nuclear arsenal that President Donald Trump inherited from his predecessor.
Wed., Oct. 25, 2017, 9:48 a.m.
A bipartisan Senate plan to try to stabilize Affordable Care Act marketplaces would lower the federal deficit by nearly $3.8 billion during the next decade and would not affect the …
Fri., Oct. 6, 2017, 4:07 p.m.
The federal government ran a $668 billion budget deficit for the just-completed 2017 fiscal year, according to a new government report. That’s $82 billion more red ink than the government …
Wed., Aug. 16, 2017
The reality is that the ACA will remain the law for the forseeable future, so the responsible course is for Congress to stabilize the individual insurance market.
UPDATED: Sat., July 15, 2017, 9:24 p.m.
Deep within the Treasury Department sits a once-secret plan written by the Obama administration that could lead to the first-ever default on U.S. debt. Bond traders are worried that Donald …
UPDATED: Thu., July 13, 2017, 9:49 p.m.
Senate Republicans have released a revised health care bill that keeps some taxes on high-income earners and includes more funding to make insurance more affordable in hopes of winning over …
Wed., June 28, 2017
Congress should work on improving the ACA, not returning the country to a time when millions more Americans lacked health care coverage.
UPDATED: Wed., May 24, 2017, 10:49 p.m.
The Congressional Budget Office report on a House proposal to replace Obamacare should cause Senate Republicans to rethink their plans, Sen. Patty Murray said.
Tue., March 14, 2017, 1:42 p.m.
WASHINGTON – The Congressional Budget Office report on a Republican health care bill set off an intense reaction in Washington, and some on both sides of the debate are playing …
Tue., March 14, 2017, 8:23 a.m.
A look at what the Congressional Budget Office does
UPDATED: Mon., March 13, 2017, 6:49 p.m.
The Congressional Budget Office report that suggests 14 million people could lose health insurance under the House GOP plan “doesn’t tell the whole story,” Rep. Cathy McMorris Rodgers said Monday.
UPDATED: Mon., March 13, 2017, 5:48 p.m.
Fewer people insured. A lower deficit. And lower premiums starting in 2020, as long as you’re young and healthy.
Sat., March 11, 2017
Even when CBO’s numbers are wrong, it retains its credibility – because it goes about its business in a fair and transparent way.
Fri., March 10, 2017, 3:07 p.m.
WASHINGTON – The Congressional Budget Office is a nonpartisan and unelected wing of Congress tasked with determining the cost of bills, and the agency operates as a budget referee on …
Tue., Jan. 24, 2017, 7:45 a.m.
Congressional analysts Tuesday projected that President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing …
Tue., Aug. 23, 2016, 12:22 p.m.
A new government report released Tuesday blames lower-than-expected tax revenues for a spike in this year’s budget deficit to $590 billion. That’s an increase of about one-third over last year’s …
Thu., Oct. 8, 2009
WASHINGTON – Congressional budget analysts gave an important political boost Wednesday to a Senate panel’s health care overhaul, projecting that the $829 billion measure would both dramatically shrink the ranks …