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The Latest Breaking News from Congressional Budget Office

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

The Independent UK

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.

Axios

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.

GOBankingRates

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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.

Benzinga

US national debt reaches a record $37 trillion, the Treasury Department reports

The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record

The Independent UK

Trump tax bill to add $3.4tn to US debt over next decade, new analysis finds

Congressional Budget Office report estimates bill will leave 10m more Americans without health insurance by 2034

The Guardian - US

Here’s How Much Every Tax Bracket Would Gain — Or Lose — Under Trump’s ‘Big, Beautiful Bill’

After many months of touting the 'Big, Beautiful Bill,' President Donald Trump finally passed it with the approval of the House and Senate. How will it affect Americans' wallets?

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Republicans slammed online for celebrating children going hungry and millions losing Medicaid from Trump’s bill

Republicans gave thumbs up and danced in the House as they celebrated stripping health insurance from millions of fellow Americans.

The Independent UK

Republican Holdouts

Plus: Zohran Mamdani doesn't understand what New York's families need, Lia Thomas titles revoked, and more...

Reason

Senate megabill would explode debt and kick 11.8 million off Medicaid: ‘Our fiscal house is basically on fire’

Over a decade, the bill would add at least $3.3 trillion to the national debt, according to the Congressional Budget Office

The Independent UK

What is reconciliation − the legislative shortcut Republicans are using to push through their ‘big, beautiful bill’?

The word “reconciliation” sounds benign, even harmonious.

The Conversation

The Latest: NATO leaders agree on spending hike, vow to defend each other

NATO leaders agreed on Wednesday on a massive hike in defense spending after pressure from U.S. President Donald Trump, and expressed their “ironclad commitment” to come to each other’s aid if attacked

The Independent UK

Trump’s tax bill would add $2.4tn to US debt, says non-partisan analysis

The Congressional Budget Office warns Trump’s ‘one big, beautiful bill’ will leave 10.9 million uninsured by 2034

The Guardian - US

Canada joins talks to join US ‘Golden Dome’ project despite frosty relationship

Prime Minister Mark Carney's office said there are ‘active discussions’ between the two nations on security systems – both existing and future

The Independent UK

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The Independent UK

Trump’s Big Beautiful Bill edges closer to passing. Here’s what it says, and what it means for you

The bill looks to slash taxes and increase spending on oil drilling, the military, and immigration, while also making cuts to Medicaid and food assistance programs

The Independent UK

US economic growth to slow in the next 30 years, fueled by debt and declining birth rates, CBO says

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, the nonpartisan Congressional Budget Office said Thursday

Fortune

US debt could explode above 200% of GDP in two decades if Trump's tax cuts become permanent, CBO says — putting it at unsustainable levels

"Macroeconomic feedback effects would further increase interest rates and, therefore, lead to even worse fiscal outcomes," the Peter G. Peterson Foundation warned.

International Business Times

Congressional Budget Office Offers Dire Warning About Annual Deficits Dwarfing GDP

Congressional Budget Office Director Phillip Swagel said the current projections are based on the 2017 tax cuts ending. That means the numbers could get worse.

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The Independent UK

US population projections shrink from last year because of declining birth rates, less immigration

The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents

The Independent UK

US deaths expected to exceed births within a decade

A drop in birth rates is expected due to an estimated loss in immigration

Roll Call

Respected CBO staffer retires after nearly a half-century - Roll Call

One of the Congressional Budget Office’s longest-serving and most influential staffers, retired last week after 48 years on the job.

Reason

Congressional Budget Office Estimates Recent Increase in Immigration will Reduce the Budget Deficit

A new CBO report concludes it will save the federal government almost $1 trillion over the next ten years.

Fortune

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

Reason

The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture

Why aren't politicians on both sides more worried than they seem to be?

Reason

Immigration Could Reduce the Deficit by at Least $1 Trillion Over the Next Ten Years

But the Congressional Budget Office projection assumes we will not cut immigration levels, as is likely to happen if Trump returns to power.

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