The Congressional Budget Office (CBO) released its Monthly Budget Review for June 2025, estimating that federal spending, a ...

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

ABC News’ Senior White House Correspondent Selina Wang reports on the economic impact of the new tax and spending bill.

The Economic Council Chair said that there's always "fear-mongering" and "doom-mongering" but it often doesn't pan out, ...

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

The Congressional Budget Office estimates 11.8 million could lose their health care coverage and $3.3 trillion would be added ...

President Donald Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load while resulting in even ...

Rep. Jason Smith (R-MO) sowed doubt in the Congressional Budget Office’s reports of the “big, beautiful bill” adding trillions of added debt due to the office’s track record of “crazy ...

The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a ...

The Congressional Budget Office (CBO) projects that the tax piece of President Trump’s “big, beautiful bill,” a core ...

The new numbers represent a $4.5 trillion decrease in tax revenues and a $1.2 trillion cut in spending through 2034.

As debate over the “One Big, Beautiful Bill” ramps up in the U.S. Senate, Congress’ nonpartisan scorekeeper projects that the ...