The Latest Breaking News from CBO

WASHINGTON — The term “unexplained” doesn’t appear too often in official government documents, unless they are dealing with possible paranormal events, like UFOs. Yet the reference is sprinkled throughout the Congressional Budget Office’s latest budget and economic outlook to describe the recent strength in federal tax receipts that’s blown away…

Inflation damages the economy while doing the greatest harm to the most vulnerable.

Analysis: The CBO’s latest budget and economic outlook, which describes recent strength in federal tax receipts, is a head-scratcher.

The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.

The Congressional Budget Office says that high inflation will persist into next year

Dale Simpson was sentenced last week

These men are banned from some of Britain's biggest supermarkets

Top-notch health care, delivered fast and for low cost, really isn’t on the government's menu.

April tax receipts totaled an estimated $864 billion, driving a $308 billion surplus last month. Both figures would be the largest on record.

New CBO report shows that the longer Congress waits to deal with the debt, the bigger the problem becomes.

To win Republican support, Senate negotiators promised that a bipartisan COVID-19 aid package would be fully paid for.