CBO: U.S. could run out of money by August if debt ceiling isn't raised
If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or ...
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...
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How Much Did President Biden Add to the Debt?
Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 ...
US Population Set to Shrink by 2033 Without Immigration, CBO Says
Without immigration, the US population would begin to shrink in 2033, undermining the nation’s economic growth, the ...
CBO warns of ‘fiscal crisis’ as federal debt set to hit record by 2029
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 ...
US faces default risk in August if debt limit isn't raised, CBO estimates
The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...
CBO projects deficits will sharply rise if Trump tax cuts made permanent
New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made ...
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Analysis of CBO’s March 2025 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its ...
CBO says mounting debt could slow growth, pose 'significant risks'
The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...