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The Latest Breaking News from CBO

America’s national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says

Annual interest payments will double to $2.14 trillion by 2036, nearly double the yearly budget for spending on defense.

Fortune

‘The fiscal trajectory is not sustainable’: CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit

The national debt is set to surpass the historic high of 106% of GDP (which it reached in 1946) by 2030, according to the CBO.

Fortune

CBO: Federal deficits and debt to worsen over next decade

The Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased spending on Social Security, Medicare, and debt service payments

The Independent UK

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America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026

“The longer lawmakers wait, the higher the price for Americans,” warned Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

Fortune

Deploying Troops to U.S. Cities Cost Half a Billion Dollars in 2025

Maintaining a uniformed domestic security force is pricey in terms of life, liberty, and dollars.

Reason

'Immigrants are subsidizing the U.S. government': how the undocumented actually shrank the deficit by $14.5 trillion over 3 decades

Cato Institute ran the math and found that without immigrants' contributions, the national debt would be a third higher than today's $38 trillion.

Fortune

Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II

Debt and deficits will put Kevin Warsh under great pressure to keep interest rates low and rely on short term borrowing. But long term that will have serious consequences.

Fortune

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The Latest: FBI executes search warrant at Fulton County elections office near Atlanta

FBI agents are executing a search warrant at the Fulton County elections office near Atlanta

The Independent UK

The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds

Trump’s federal troop deployment to U.S. cities is costing about $93 million a month, according to the Congressional Budget Office.

Fortune

CBO: National Guard deployments cost half-billion dollars

Patrols in six U.S. cities cost about $496 million in 2025, and continued deployments would cost about $93 million per month.

Roll Call

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Fortune

How the middle class was hollowed out from 1979 to 2022, according to new federal data

The top 1% saw its share of household income double from 1979 to 2022, going from 9% to 18%, the CBO said. The middle cohort saw the biggest decline.

Fortune

Taking Judicial Notice Of "Very Elite" Economic Predictions

Can the Court base its ruling in Cook on predictions of a recession?

Reason

Trump's "Department of War" rebrand could cost $125 million

The CBO cautioned its estimate is "uncertain," however, because the Pentagon declined to share info.

Axios

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Fortune

Trump’s ‘Department of War’ rebrand could cost $125 million, says the CBO, for the likes of replacement stationery and new signs

A conservative estimate would be $10m, wrote the Congressional Budget Office, but depends on how aggressive the Department of War wants to be with its rebrand.

Fortune

America’s $38 trillion national debt is so big just the interest will soon cost more than Medicare

The staggering math behind the rapid rise in interest due on our outsize debt.

Fortune

Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior

The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an increase in the rate of inflation."

The Independent UK

Budget office expects Federal Reserve to cut rates in 2026

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates in 2026

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The Independent UK

More Americans will die than be born in 2030 - meaning immigration will be the only form of population growth, study says

Without immigration, the population will start to decline by 2030

Fortune

For jobless Gen Z, production and healthcare sectors are the place to be says ADP's top economist, as blue-collar hiring outstrips office jobs

ADP's jobs report delivered a sucker-punch to Gen Z grads this week: While hiring is up across private payrolls according to December data, it was offset by a significant drop in professional and business services.

Fortune

More Americans will die than be born in 2030, CBO predicts—leaving immigrants as the only source of population growth

Deportations shrank this timeline by a decade, putting unprecedented pressure on Social Security.

The Independent UK

Trump immigration policies and aging population slow US growth projection, budget office says

The U.S. population is projected to grow more slowly over the next 30 years

Fortune

Donald Trump says national debt is ‘peanuts’ compared with tariff income, which will pay dividends—but the math isn’t adding up

A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as much as Trump’s tariffs are estimated to raise.

Fortune

The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China

Scott Bessent said in August that tariffs would raise “well over half a trillion, maybe toward a trillion-dollar number.” It hasn’t panned out that way.

Roll Call

Smucker enters Budget Committee race as odds-on favorite - Roll Call

Rep. Lloyd K. Smucker, the favorite to become the next top Republican on the House Budget Committee, is eyeing a second reconciliation bill.

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