Earlier this year, the CBO projected that federal budget deficits are expected to average $1.9 trillion, or about 5.4% of gross domestic product (GDP), over the next 10 years, well above the 50 ...

The federal government borrowed $1.9 trillion over the past year – July 2024 to June 2025 – based on estimates from the ...

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...

How the CBO gets to these figures is at the center of a long-running debate in Washington, because these estimates often ...

The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.

CNBC interviewed a dozen experts, investors and former government officials to explore the consequences of America’s fiscal ...

The GOP budget bill simultaneously requires more borrowing — and ... pushing debt as a share of gross domestic product to about 124 ... judging by the Congressional Budget Office’s deficit ...

The Congressional Budget Office has recently come under fire from both Democrats and Republicans for its budgetary analysis of President Trump's domestic policy law.

The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of households ... or reduce the rate of the gross domestic product by 0.06 percentage points per year.