You Searched For "Congressional Budget Office" and got 20 results
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3 mins read
Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger
Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-inco…
Allie Kelly
4 mins read
Trump's plans to change healthcare could slash insurance for some low-income Americans and retirees
Trump said during his campaign that he'd make changes to the Affordable Care Act. His plans could r…
Allie Kelly
2 mins read
Elon Musk is looking to cut government waste. Here's what the US spends money on right now.
Trump selected Elon Musk and Vivek Ramaswamy to identify areas to cut government spending. The US s…
Ayelet Sheffey,Madison Hoff
3 mins read
Subsidies help a 55-year-old pay $96 a month for health insurance. Her costs could increase 186% if they expire next year.
Lisa Jolly, 55, relies on pandemic-era subsidies to pay for ACA coverage. The subsidies could expir…
John Towfighi
4 mins read
Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits
Pandemic-era subsidies drove enrollment in Obamacare. Now, millions of Americans could see costs r…
John Towfighi
4 mins read
Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid
Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…
Ayelet Sheffey
3 mins read
A Trump presidency would drain Social Security's finances faster, budget group warns
A budget group warns that Trump's agenda is expected to hasten Social Security's insolvency by thre…
Grace Eliza Goodwin
3 mins read
The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
Congress needs to pass a spending bill by September 30 to avoid a partial government shutdown. Dock…
Erin Snodgrass
2 mins read
Millions of student-loan borrowers are about to lose a key safeguard that'll put their credit scores and debt relief at risk
The on-ramp period for student-loan borrowers is ending this month, meaning missed payments will no…
Ayelet Sheffey
2 mins read
Jamie Dimon says the 'Buffett rule' approach to taxing the wealthy could solve America's debt problem
The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lowe…
Filip De Mott
7 mins read
America is missing a golden opportunity to boost the job market
Raising the minimum wage could be a win-win-win for the economy, workers, and even businesses. So w…
Emily Stewart
2 mins read
Why immigration is boosting the US economy, according to Nobel economist Paul Krugman
Immigration could help the economy grow another $7 trillion over the next decade, the CBO estimated.
Jennifer Sor
2 mins read
Student-loan borrowers could see an easier repayment process through Biden's budget request — along with efforts to make college cheaper
Biden is requesting boosted funding for Federal Student Aid to help support student-loan borrowers …
Ayelet Sheffey
2 mins read
Looser regulation would allow business-led growth to relieve the 'massive' deficit burden, BlackRock chief Larry Fink says
"We can do so much as a country right now. But we're inhibited by our controls," BlackRock CEO Larr…
Filip De Mott
3 mins read
President Biden's new budget wants to bring back the child tax credit and make sure Americans don't face Social Security cuts all while taxing billionaires and big companies more
President Joe Biden's latest budget proposal would expand the child tax credit and create a paid-le…
Juliana Kaplan,Ayelet Sheffey
2 mins read
The worst of inflation is over, Congressional Budget Office says
The latest forecasts from the nonpartisan agency see inflation cooling through the rest of the year…
Ben Winck
1 min read
The US debt will surge to $56 trillion in the next 10 years as government spending outpaces revenues
The federal debt is on track to soar 64% over the next decade, notching $56 trillion, according to …
Jennifer Sor
3 mins read
Biden is asking Congress for over $100 billion to pour into Israel and Ukraine and get humanitarian aid to Palestinian civilians in the midst of congressional chaos
Biden's funding request will head towards a Congress that can't agree on a new speaker of the House.
Juliana Kaplan,Ayelet Sheffey…
3 mins read
Joe Manchin worries Biden's social spending agenda costs too much, so why did he just vote for an infrastructure law that costs more?
Manchin says he's worried about the deficit, but just voted for something more expensive than Build…
Ben Winck
1 min read
The US's blowout debt burden is one piece of a global problem, IMF warns
"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the d…