The U.S. economy is projected to grow at a faster pace over the next three years thanks to recent tax cuts and spending measures by the Republican majorities on Capitol Hill and signed into law by President Donald Trump, the
Middle-Class and High-Income Households Gain the Most; Losses Concentrated in Welfare Benefits.
The Congressional Budget Office (CBO) has conducted an assessment of the Journalism Competition and Preservation Act (JCPA), a bill pushed by lobbyists for the legacy corporate media that would allow the industry to form a cartel to pressure tech companies for financial handouts and other favors. The assessment is a sure sign that legacy media’s friends in Congress are refusing to accept defeat.
Spending would fall by $1.3 trillion, debt service costs would decline, and IRS funding cuts would reduce revenues, the CBO said Tuesday night.
The debt ceiling deal between House Speaker Kevin McCarthy and President Joe Biden would amount to, if passed and enacted into law, the largest deficit reduction bill in American history, an official estimate forthcoming from the Congressional Budget Office (CBO) will show.
On Friday’s broadcast of CNBC’s “Squawk Box,” CBO Director Phillip Swagel stated that “the fiscal trajectory in the U.S. is not sustainable right now.” But the U.S. does have time to act to fix this. CNBC Senior Economics Reporter Steve Liesman
The Democrats’ “Inflation Reduction Act” is set to squeeze $20 billion from working and middle class Americans with new funding for increased Internal Revenue Service (IRS) audits, the Congressional Budget Office (CBO) estimates.
The Congressional Budget Office (CBO) found that the Build Back Better Act would cost $3 trillion, far higher than its alleged $1.75 trillion price tag.
The Congressional Budget Office (CBO) found Thursday that increased IRS enforcement funding in the Build Back Better Act would raise only half of the tax revenue the Joe Biden White House estimated.
On Thursday’s broadcast of CNN’s “OutFront,” House Majority Whip James Clyburn (D-SC) said he is “much more comfortable” with the White House’s numbers on the Build Back Better reconciliation bill than the Congressional Budget Office’s numbers, and that the CBO’s
On Wednesday’s broadcast of CNN’s “New Day,” House Majority Whip James Clyburn (D-SC) stated that while the White House and Democrats believe the Build Back Better reconciliation bill will be fully paid for, the Congressional Budget Office might think differently.
On Tuesday’s broadcast of the Fox Business Network’s “Kudlow,” House Budget Committee Ranking Member Jason Smith (R-MO) stated that Democrats touted the Congressional Budget Office’s score of former President Donald Trump’s tax bill, but are now trying to preemptively discredit
The far-left remained skeptical over the weekend that President Biden’s Build Back Better agenda will complete their designs of a utopia.
On Friday’s broadcast of CNN’s “The Lead,” Rep. Ro Khanna (D-CA) said that he can’t understand why some Congressional Democrats want to wait for a CBO score on the reconciliation bill and said that “If you’re for Trump’s vision that
In its latest forecast, the Congressional Budget Office increased the projected 2021 budget deficit to nearly $2.3 trillion.
Anyway, all you young people need to just keep right on voting for big government. I’m sure the check will never come due. But if it does, that sound you’ll hear will be me pointing and laughing. And if that sounds smug, it’s meant to sound smug. Dummies.
The U.S. government’s debt owed to the public will exceed GDP for the first time since World War II.
Here’s how Donald Trump can get re-elected even if unemployment is higher than it has been since the Great Depression.
The Congressional Budget Office said Thursday that the U.S. economy will shrink by 7 percent in second quarter of this year. “If that happened, the decline in the annualized growth rate reported by the Bureau of Economic Analysis would be about four
The CBO forecasts a $1 trillion budget deficit this year and an average of $1.3 trillion over the next ten years.
Immigration makes all of America richer, but it can make some Americans poorer, the non-partisan Congressional Budget Office says in a report issued January 9.
Alfredo Ortiz of Job Creators Network writes about the approaching $23 trillion federal debt and laments how no one seems to worry enough to do something about it. Ortiz suggests only a constitutional amendment will fix the problem.
The Congressional Budget Office (CBO) released updated budget projections on Wednesday incorporating interest costs on federal debt that are already out of date.
The CBO said it expects interest rates to be lower than it projected last year but even in the short term, its forecast is too high.
The House Budget Committee will hold a hearing on Wednesday on “components” and “considerations” for “establishing a single-payer health care system.”
Congressman Alexandria Ocasio-Cortez’s (D-NY) radical Green New Deal would cost over four times the national debt, according to a study released on Monday.
National Economic Council Director Larry Kudlow dismissed contentions Monday the partial government shutdown negatively affected the U.S. economy.
The First Step Act, if signed into law by President Trump, would reduce the federal prison population by 53,000 inmates, the CBO reveals.
The Congressional Budget Office (CBO) revealed in a new report on Wednesday that Obamacare premiums will spike premiums by 15 percent next year.
“Productivity growth returns to nearly its average over the past 25 years and recent changes in fiscal policy boost incentives to work, save, and invest; nonetheless, economic growth is held down by slower growth of the labor force,” the CBO said.
The United States Treasury Department revealed new estimates last week that show the country set to double borrowing in the current fiscal year, a total $995 billion that would nearly double last fiscal year’s $519 billion.
A story by Southern California Public Radio station KPCC last week appeared to admit that President Donald Trump’s $1.5 billion tax reform is best for middle and lower income households.
As negotiations are underway between the White House and establishment Republicans to potentially give amnesty to illegal aliens, Rep. Steve King (R-IA) is warning the president against such any plan that includes amnesty.
Nearly 25 percent of illegal aliens eligible for former President Obama’s Deferred Action for Childhood Arrivals (DACA) program are “functionally illiterate” in the English language, a researcher says.
Nearly one-in-five amnestied aliens could go on food stamps if Congress approves a DACA amnesty, according to the non-partisan Congressional Budget Office.
Illegal immigrants will birth 6o0,000 children inside the United States during the next decade, according to the Congressional Budget Office.
Giving amnesty to millions of illegal aliens who are covered and eligible for the President Obama-created Deferred Action for Childhood Arrivals (DACA) program would cost American taxpayers a total of $26 billion, according to the Congressional Budget Office (CBO).
The director of the Congressional Budget Office (CBO) is defending his agency as a bastion of unbiased “nonpartisanship” in light of criticism by members of Congress, financial media, and some physicians about the accuracy of its analyses of Obamacare and Republican proposals to repeal it.
On Monday’s broadcast of MSNBC’s “All In,” Representative Francis Rooney (R-FL) pushed back against some of the Congressional Budget Office’s negative assessments of the Senate GOP healthcare bill by stating the CBO is “nothing but a bunch of voodoo economics.”
Thursday on Bloomberg TV, Rep. Louie Gohmert (R-TX) took aim at the Congressional Budget Office’s scoring of the American Health Care Act, which claimed 23 million would lose their health insurance by 2026 if the legislation were put into law.
