If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or ...

The CBO made its prediction in its long-term budget and economic outlook report, which spans from 2025 to 2055. In the report, the CBO also said it expects publicly held debt to reach 156% of gross ...

As the Trump administration continues its tariff policy there are still too many variables to measure its net effect on the ...

The CBO forecast slower U.S. population growth over the next 30 years than during the past three decades. That will slow ...

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...

Weak population gains and higher government spending could hamper growth over the next 30 years, the CBO said Thursday.

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even ...

The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the country’s record in just a few years. The CBO released a long-term budget ...

The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...

The Committee for a Responsible Federal Budget has put out a press release on the report and will publish our full analysis ...

New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made ...