You Searched For "CBO" and got 20 results
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3 mins read
House Republicans unveil their plan to raise the debt ceiling for just one year — and it already faces hurdles from its own party
Speaker McCarthy finally released his plan to raise the debt ceiling, and it includes banning stude…
Ayelet Sheffey,Juliana Kaplan
3 mins read
3 reasons student-loan borrowers could start taking on more debt once Biden's plan to lower monthly payments goes into effect
The CBO predicted that reforms to income-driven repayment plans will drive borrowers to take out mo…
Ayelet Sheffey
4 mins read
Diddy's top branding executive tells us how he's working with brands to show up 'for the culture'
Deon Graham, chief branding officer of Combs Enterprise, shares the company's 360-approach to Rolli…
Taiyler Simone Mitchell
2 mins read
The first economic plan the new GOP House proposed would raise the deficit by $100 billion
Republicans' plan to cut IRS spending would actually make the deficit worse, despite the GOP's goal…
Juliana Kaplan
2 mins read
Democrats could defuse the GOP's biggest fiscal threat next year by raising the debt ceiling to a ludicrously high number
We're currently headed into yet another debt ceiling fight next year. There's a simple way Democrat…
Andy Kiersz
2 mins read
The student-loan forgiveness application will cost the US government nearly $100 million per year to process, Biden's Education Department estimates
Student-loan borrowers just got a first look at the debt relief application. New documents found th…
Ayelet Sheffey
2 mins read
The bottom half of American families hold just 2% of the country's wealth — while the top 1% of families have a third
The bottom half of Americans haven't even recovered from the Great Recession, while the wealthiest …
Juliana Kaplan,Madison Hoff
2 mins read
Biden's student loan relief plan will cost $400 billion. Republicans call it 'unsustainable' and Democrats say it will give 'Americans more breathing room.'
The price tag for President Joe Biden's student debt forgiveness plan is about half of this year's …
Juliana Kaplan
2 mins read
The US unemployment rate won't return to its pre-pandemic level this decade, according to the government's official scorekeeper
The CBO analysis may factor into stimulus talks between the Biden administration and Congress. Repu…
Joseph Zeballos-Roig
3 mins read
How the Inflation Reduction Act does — and doesn't — reduce inflation
Drug-price negotiation and clean-energy rebates are set to lower costs for Americans over the next …
Ben Winck
2 mins read
US government debt will reach nearly twice economy's size in 2050, Congressional Budget Office says
Federal debt as a percentage of gross domestic product will surpass the World War II record as earl…
Ben Winck
4 mins read
Biden's White House fears canceling student debt will drive inflation even higher and that restarting loan payments might help avoid that
Biden is set to soon make a decision on broad student-loan forgiveness. Some economists fear the mo…
Ayelet Sheffey,Ben Winck
2 mins read
The CBO says the federal debt will nearly equal the size of the entire US economy after surge in coronavirus spending
Most experts say the US should spend what it takes to thwart the coronavirus and reduce economic pa…
Joseph Zeballos-Roig
2 mins read
The US government is set to collect a record-high $2.6 trillion in income taxes — and a third of that is because people got raises
The Congressional Budget Office estimates income tax revenue went up by 28% in 2022. It's partially…
Juliana Kaplan
3 mins read
The US economy just grew at its fastest rate since 1984
The 5.7% GDP growth in 2021 was the highest since 1984, when President Reagan touted the booming ec…
Ben Winck,Madison Hoff
2 mins read
A wealth tax on America's billionaires could cover the child tax credit extension — and the entire defense budget
A report finds that taxing people with over $5 million could bring in $928.39 billion a year. A one…
Juliana Kaplan,Madison Hoff
1 min read
Logistics startup Shiprocket elevates CBO Akshay Ghulati as co-founder
"Akshay has truly demonstrated a founder mindset over the course of his four years with us. He is …
PTI
3 mins read
AOC points to 'trust' issues in explaining her vote against Biden's bipartisan infrastructure bill, remains wary of moderates who called for CBO score
"People would say that within our caucus, one of the issues that we have had is trust. And trust is…
John L. Dorman
2 mins read
Democrats assail Republicans for using 'fake' math in their bid to sway Joe Manchin into derailing Biden's agenda
The Republican salvo was aimed at influencing Sen. Joe Manchin, a key Democrat who could sink Biden…
Joseph Zeballos-Roig
4 mins read
House Democrats pass Biden's $2 trillion bill with child allowance and social benefits, sending it to the Senate where Manchin may still sink it
After an eight-hour speech by GOP leader Kevin McCarthy prevented a Thursday night vote, Democrats …