Congressional Budget Office

Sen. Bernie Sanders (I-VT) is once again taking a shot at President Donald Trump’s budget reconciliation bill, dubbed the “One Big, Beautiful Bill.” What Happened: On Sunday, Sanders posted on X with highlights from his recent remarks on the Senate floor regarding the proposed...

As the One Big Beautiful Bill Act of 2025 proposes tax relief for individuals, it is also estimated to increase the federal deficit. However, this expert proposes an idea that could help cut trillions of dollars in deficit. What Happened: Financial commentator Ross Gerber of Gerber Kawasaki has...

Donald Trump’s "One Big Beautiful Bill Act" will slash the household resources of the poorest Americans by about $1,600 while boosting the wealthiest households by roughly $12,000, the Congressional Budget Office said in a distributional analysis released Thursday. What Happened: CBO analysts...

The Congressional Budget Office (CBO) has projected that President Donald Trump‘s extensive tariff plan will decrease deficits by $2.8 trillion over the next 10 years. However, the plan is also expected to cause economic contraction and inflation. What Happened: The CBO’s...

Republican senators are mounting resistance to President Donald Trump’s sweeping “One Big Beautiful Bill,” citing deficit increases and insufficient spending cuts as the $3.8 trillion package faces uncertain Senate passage despite narrow House approval. What Happened: Sen. Ron...

After the Congressional Budget Office (CBO) released its estimates for the distributional effects of the One Big Beautiful Bill Act, this economist questioned the Donald Trump administration about the inflating deficit and its inclination toward catering to the wealthiest Americans. What Happened:...

The U.S. debt reached a new record high and breached the $35 trillion mark, and economist Peter Schiff on Monday rued the political apathy toward this ticking timebomb. What Happened: The U.S. national debt now stood at $35.01 trillion and has ballooned by over $7.2 trillion since President Joe...

A Congressional Budget Office (CBO) report released Friday highlights significant limitations in a House bill designed to modify federal employment and security clearances for people who have used cannabis in the past. The bipartisan legislation, spearheaded by Reps. Jamie Raskin (D-MD), Nancy Mace...

Analysts at banks have reportedly said the U.S. government’s deadline to raise the $31.4 trillion debt ceiling could come sooner than expected, increasing the possibility of a short-term debt limit extension. What Happened: Goldman Sachs analysts stated weak tax collections so far in April...

Wisconsin won’t break even on the huge incentives it’s offering Taiwan’s Foxconn to build a new plant in the state until 2042, a study concludes, and local media report that the proposal now may not even have enough votes to pass the legislature. President Donald Trump had...

On Thursday, Senate Republicans unveiled their revised healthcare reform bill. Here’s everything you need to know. ‘Skinny’ Policies  The new bill allows insurers to sell “skinny” insurance plans that don’t meet the minimum coverage requirements currently in...

The Congressional Budget Office said Monday that the latest health care bill struck in secret by a select group of U.S. senators would chop 22 million people off the health-insurance rolls by 2026, another nail in the coffin of legislation backed by a dwindling number of GOP lawmakers. Moderates...

Height Securities released its latest analysis of the American Health Care Act Friday following the Congressional Budget Office’s scoring report. Height analyst Stefanie Miller believes the CBO’s scoring will not hinder Republican efforts to move the bill through to the President...

On Thursday, the Congressional Budget Office (CBO) released a 55-page report on the U.S. long-term budget outlook, and the picture isn’t pretty. The CBO revealed a number of troubling statistics about how U.S. federal spending is out of control. “At 77 percent of gross domestic product...

The Congressional Budget Office (CBO) is expected to release its score for the controversial new healthcare bill on Monday. The new plan spearheaded by House Speaker Paul Ryan aims at replacing the Affordable Care Act (ACA). The CBO is expected to deliver estimates of both how much the new plan...