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The Latest Breaking News from CBO

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

“With the kind of growth we have now, the debt is very low, relatively speaking. You grow yourself out of that debt,” Trump said.

Fortune

Here's why the US shutdown may prove more painful than past crises

Government shutdowns aren't uncommon in the US, but this one could be more damaging that prior crises. President Trump is threatening permanent job cuts at a time when the labour market is already weak.

Euronews

Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one

Shutdowns of the federal government usually don’t leave much economic damage

The Independent UK

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US Government Shutdown For Dummies: What Does It Mean And How Are Americans Directly Affected?

Furloughs for 750,000 workers, frozen loans and a £2.6B weekly economic drag—this shutdown hits home. From cancelled weddings to closed parks, here's how it's disrupting everyday life.

International Business Times UK

750K federal workers risk furloughs in government shutdown, CBO estimates

Their compensation will total approximately $400 million per day.

Axios

If you can't work out why you're struggling when the economy is doing OK, it's because you're on the losing side

Oxford Economics finds that tariffs, labor dynamics, and policy shifts have hit younger and lower-income households hardest.

Fortune

Trump wants to rebrand his ‘big, beautiful bill’ as the ‘Working Families Tax Cut’. Don’t be fooled

The budget measure will hurt poor people and boost rich people. It should really be called the Billionaires’ Tax Cut Act

The Guardian - US

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Trump's tariffs are bringing in a 'very significant' amount of revenue, top analyst says: Roughly $350 billion a year

Fortune's Shawn Tully and Steve "the money doctor" Hanke have argued that they bear a strong, uncanny resemblance to a tax western Europe has had for decades.

Fortune

Retirement is about to have a 'different set of rules,' says Trump's social security chief, warning 'everything' is on the table

With Social Security projected to be insolvent by 2032, Commissioner Frank Bisignano says options like raising the retirement age are on the table for U.S. retirees.

Fortune

Ray Dalio says the world is running out of interest in buying U.S. debt—but that America's economy is unable to cut back on spending

But Dalio, speaking at the Future China Global Forum in Singapore this week, doesn't think the U.S. is in a position to pull back on its spending.

Fortune

Neither side blinking yet as House preps for CR vote - Roll Call

Congress is on the verge of a showdown over a bill to keep the government open after Sept. 30, with the House expected to vote Friday on a stopgap funding bill.

Roll Call

Permanent health tax credit extension would insure 3.8 million: CBO - Roll Call

Democrats are urging action to avoid the year-end expiration of expanded subsidies for buying health insurance on government-run exchanges.

Roll Call

Fed rate cut is attempt to prevent recession without sending prices soaring

The Federal Reserve on Sept. 17, 2025, cut its target interest rate as it shifts focus from fighting inflation to supporting the choppy labor market.

The Conversation

Trump's Immigration Policies Could 'Shrink' GDP Growth As US Population Projected To Decline, Warns CBO

The U.S. population growth is expected to decline at a faster rate than previously projected due to President Donald Trump’s immigration policies, according to the Congressional Budget Office.

Benzinga

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The Independent UK

Unemployment, inflation and GDP growth will be worse this year than projected, budget office says

The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year

Fortune

Congressional Budget Office says Trump's immigration crackdown will shrink U.S. population faster than expected, a threat to inflation and GDP growth

Economists have warned the president’s immigration policies could drive a labor shortage threatening to shrink U.S. GDP growth and amplify inflation.

Axios

Trump immigration crackdown could spur U.S. population decline as soon as 2031

Population decline could drive labor shortages, higher prices and a crisis of care for the elderly.

Benzinga

Elizabeth Warren Slams Trump's $67 Billion Corporate Giveaway, Says Big Business Gets Five Times More Than Child Care

Sen. Elizabeth Warren (D-Mass.) is targeting President Donald Trump's “Big Beautiful Bill,” warning that corporations are set to reap a $67 billion windfall in retroactive research breaks while American families struggle with underfunded child care.

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GOBankingRates

I Asked ChatGPT What $3 Trillion in New Debt Really Means for America — Here’s What It Said

With the Congressional Budget Office projecting $3.3 trillion in new debt from recent tax and spending legislation, we asked ChatGPT to break it down.

Fortune

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says

In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One Big Beautiful Bill Act will raise deficits by $3.4 trillion.

Barchart

How the U.S. Fiscal Year-End on September 30 Will Shape Stock & Futures Markets

U.S. Fiscal year-end Sept 30 is a game-changer! Defense & tech stocks rise, or SPY falters due to shutdown fears. Be prepared for Oct 01.

Benzinga

Trump Touts 'Incredible' Tariff Strategy After Congressional Budget Office Projects $4 Trillion Deficit Cut, Even As Economists Warn Of Slower Growth

On Friday, President Donald Trump celebrated a Congressional Budget Office report projecting that his sweeping tariffs will reduce U.S. deficits by $4 trillion over the next decade, even as analysts caution the levies could weigh on economic growth and face legal challenges.

Saving Advice

Economic Iceberg Hides Tariff Risk To Consumers

The U.S. economy may appear steady on the surface, with consumer spending strong and the stock market charging ahead. Yet beneath that optimism lurks a...

Fortune

How investors should be thinking as the stock market nears a P/E ratio of 30—a number that spelled disaster before the dotcom crash

What’s especially troubling is the way the multiple reached its current heights. The main driver wasn’t what matters most: rising profits.

The Independent UK

Trump’s controversial $250 visa fee could cost the US economy $11 billion as tourists stay away, research finds

The Congressional Budget Office estimated that the “visa integrity fee” would bring in more than $27 billion over a decade

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