The economy is expected to grow more slowly over the next three decades, according to a Congressional Budget Office (CBO) report released last week. Increased government spending and weak ...

The CBO's latest long-term budget projections show federal deficits accelerating to 7.3% of the economy in fiscal year 2055 from 6.2% in 2025. That is up from the 30-year average from 1995 to 2024 ...

The CBO’s latest long-term budget and economic outlook report — for a timeframe that spans 2025 to 2055 — projects publicly held debt to reach 156% of gross domestic product, or GDP ...

the Congressional Budget Office (CBO) found Friday that keeping the 2017 tax cuts in place and holding other budgetary policies steady would cause debt levels to reach 214 percent of gross ...

The latest projection by the CBO was announced Wednesday. However, it explained that if the government's borrowing needs are "significantly greater" than the nonpartisan agency expects ...

The CBO's forecast of the so-called "X-date" when the Treasury Department would no longer be able to cover its obligations follows an estimate by the Bipartisan Policy Center on Monday that the U ...

The federal government could default on its debt as soon as August without action from Congress, the Congressional Budget Office (CBO) estimated on Wednesday. In the latest projection, the ...