President Trump's tariffs will cut deficits by $3 trillion over the next decade, $1 trillion less than previously forecast, the Congressional Budget Office said Thursday. Why it matters: Taking a ...

The Congressional Budget Office now says hundreds of billions of dollars in expected deficit relief have vanished after the ...

The Congressional Budget Office has released a new projection that it expects a deficit of $3.5 trillion in the next 10 years, markedly lower than the March CBO forecast of $6.7 trillion. The CBO’s ...

Updated projections from the Congressional Budget Office (CBO) show that tariffs enacted this year will reduce debt ...

A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as ...

Much debate has ensued over whether President Donald Trump's tariffs will lead to a significant increase in inflation. The Congressional Budget Office (CBO), which looks at the financial impact of ...

The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal ...

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

The Congressional Budget Office estimates that the U.S. government’s budget deficit for fiscal year 2025 totaled $1.8 trillion, just $8 billion less than the shortfall for the prior year. If not for ...

— -- Repealing the health care law passed in 2010 and upheld by the Supreme Court in June would increase the federal deficit by $109 billion over ten years, a new Congressional Budget Office ...

CBO: PPACA Repeal Would Increase Federal Deficit By $109B Repealing the Patient Protection and Affordable Care Act — a top priority for many Republican lawmakers — would cause a net increase in the ...