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Congressional budget office News

Tax cuts and spending bill leave U.S. in sea of red ink

The Congressional Budget Office (CBO) on Monday issued a gloomy forecast for the nation's budget deficit in its first report since President Donald Trump signed last year’s tax cut and this year’s big spending bill.

24M fewer Americans insured under GOP Obamacare replacement: CBO

Washington - Despite President Donald Trump's pledge of "insurance for everybody," 24 million fewer Americans will have health coverage under the Republican plan to repeal and replace Obamacare, the Congressional Budget Office (CBO) estimated on Monday.

CBO Cites Income Inequality

As the Occupy Wall Street movement persists in cities across America and gains supporters across the globe, a new report by the nonpartisan Congressional Budget Office (CBO) echoes the concerns raised by the movement’s growing legions.

With debt debates swirling, one group dispels some key myths Special

As congressional lawmakers begin to square off on the national debt and the challenges facing the nation on spending cuts, one non-profit organization is elevating the matter with an aggressive advertising campaign.

CBO estimates health care repeal will add $230 billion to deficit

Washington - The United States Congressional Budget Office recently released estimates highlighting that any repeal of the health care reform bill will add approximately $230 billion to the deficit, which is at $1.4 trillion.

CBO estimates 2011 budget will add $10 trillion to debt by 2020

Washington - The Congressional Budget Office released an estimate that states if President Barack Obama's 2011 budget is approved by Congress then the United States will see an extra $10 trillion added onto the national debt in ten years.

U.S. Federal Deficit to hit $1.35 Trillion

The Congressional Budget Office announced Tuesday that they are forecasting the United State's federal deficit to hit $1.35 trillion.

CBO: 10 Million Could Lose Employer Coverage Under DemCare Bill

According to the Congressional Budget Office, up to 10 million Americans could lose their employer health coverage under the bill now in the Senate. The greatest losses would be among low-wage workers in small businesses which would opt to pay the fines.

CBO reports U.S. deficit spending is soaring

The nonpartisan Congressional Budget Office and the White House reported Tuesday that the U.S. federal deficit will soar to nearly $1.6 trillion this year, "miring the nation in the deepest pool of red ink since the end of World War II."

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