President Biden is set to welcome Speaker Kevin McCarthy and other top congressional leaders to the White House on Tuesday for a pivotal round of discussions about the nation’s taxes, […]
Congressional Budget Office
Trending topics and news from the Congressional Budget Office category
Back to news homeThe Debt Ceiling Debate Is About More Than Debt
WASHINGTON — Speaker Kevin McCarthy of California has repeatedly said that he and his fellow House Republicans are refusing to raise the nation’s borrowing limit, and risking economic catastrophe, to […]
Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible
After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found […]
U.S. Deficit Expected to Hit $3 Trillion in 2021, Budget Office Says
WASHINGTON — The U.S. economy is rebounding from the pandemic downturn faster than expected and is on track to regain all the jobs lost during the coronavirus by the middle […]
Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021
WASHINGTON — As top Democrats continued to push a $1.9 trillion economic aid package through the House, some lawmakers and aides to President Biden raised the prospect of borrowing even […]
C.B.O. Report Says U.S. Economy Is Healing, But Workers Have A Ways to Go
WASHINGTON — The United States economy will return to its pre-pandemic size by the middle of this year, even if Congress does not approve any more federal money to aid […]