News

CBO says US budget deficits to widen, national debt to surge to 156% of GDP
The Congressional Budget Office's long-term budget outlook shows deficits widening in the years ahead, driven primarily by ...
GOP tax cuts add $6T to debt and hurt growth without spending cuts, CBO finds
The Congressional Budget Office said on Thursday that making the 2017 tax cuts permanent and adding other tax breaks sought ...
Committee for a Responsible Federal Budget2d
Unpaid-for TCJA Extension Would Shrink the Economy, CBO Says
In a recent long-term analysis, the Congressional Budget Office (CBO) found that extending the 2017 Tax Cuts and Jobs Act ...
Opinion
Committee for a Responsible Federal Budget2dOpinion
CBO Estimates Deficit Up $44 billion, Spending Up $140 billion in 2025
The Congressional Budget Office (CBO) estimates that the U.S. borrowed $599 billion from January through March 2025 – up $44 billion from January through March 2024. Federal spending, as measured by ...
NOLA.com1d
Mike Johnson gets key budget bill passed in House. Here's what it might mean for Louisiana.
Speaker of the House Mike Johnson, with help from President Donald Trump, was able to narrowly pass a budget resolution. Here ...
Don’t be misled about what’s driving our budget deficit
Using this benchmark, we can attribute 71 percent of the 2025 deficit to spending policy decisions and 29 percent to tax ...
Bessent: CBO Scoring Is Like Enron Accounting, It's Not Real
Treasury Secretary Scott Bessent explains the administration’s new tariffs and economic policy in an interview with Tucker ...
The Institute for Energy Research2dOpinion
Reversing IRA Subsidies Will Save Taxpayers Bundles
President Biden’s signature climate law, the Inflation Reduction Act (IRA), provided green energy with huge subsidies costing ...
‘Current policy’ debate dogs budget reconciliation efforts
The Senate's budget blueprint has triggered a fight over wiping away the cost of tax-cut extensions in a bid to make them ...
The Hill5d
Don’t be misled about what’s driving our budget deficit
The latest Congressional Budget Office long-term projections demonstrate just how unsustainable our current fiscal trajectory is. This statement probably does not come as a surprise, but it ...