You Searched For "Congressional Budget Office" and got 20 results
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3 mins read
Congress is gearing up for a budget showdown. From funding for student-loan repayment to Social Security benefits, here's what's at stake.
Lawmakers have until the end of September to reach an agreement on funding the government. If not, …
Ayelet Sheffey,Juliana Kaplan
2 mins read
Undocumented immigrants are boosting the labor market and helping the US avoid recession, experts say
An influx of undocumented immigrants has allowed employment growth to remain strong while inflation…
Aruni Soni
1 min read
Every job lost in the pandemic will come back by the middle of next year, the government's official scorekeeper says
The CBO attributed part of the strong economic rebound to Biden's stimulus. It also said the budget…
Joseph Zeballos-Roig
2 mins read
A US soft landing would only be possible through fiscal measures like student-loan forgiveness and tax cuts, economist says
Drivers of US growth present during 1995's soft landing aren't present, so fiscal measures may be n…
Aruni Soni
3 mins read
Americans aren't having enough kids. That's bad news for the economy — and immigration may be the answer.
China, Japan, and Italy are all battling low birth rates, but high immigration has so far stopped t…
George Glover
3 mins read
Remember the labor shortage? Immigrants are helping to fix it.
Immigrants are responsible for almost all US job growth over the past year. They're why the labor s…
Jacob Zinkula,Andy Kiersz
4 mins read
Congress treats the Congressional Budget Office like a crystal ball for legislation, but one economist says their models are built on flawed assumptions
Economist Mark Paul says the office's cost-benefit analysis of Biden's Build Back Better plan false…
Paul Constant
2 mins read
The national debt will nearly double by 2051 if taxing and spending stay the same, CBO says
The CBO's report doesn't account for Democrats' $1.9 trillion stimulus, and could give Republicans …
Ben Winck
2 mins read
The US economy will grow by an extra $7 trillion over the next decade due to immigration, the CBO says
"More workers mean more output and that in turn leads to additional tax revenue," CBO director Phil…
Matthew Fox
4 mins read
CBO letter signals that Bernie Sanders' minimum wage bill may be able to pass via reconciliation
The CBO finds Bernie Sanders' minimum wage bill impacts more budget functions than previous reconci…
Juliana Kaplan
2 mins read
US government debt will surpass the economy's size in 2021 even without Biden's new stimulus, CBO says
The nonpartisan agency sees the debt pile shrinking for a few years after 2021 before rising furthe…
Ben Winck
2 mins read
Nobody's quitting their job anymore. That's a bad sign for workers.
The number of people resigning fell by 12% last year, according to the latest official figures. Tha…
George Glover
2 mins read
Without a stimulus, unemployment could stay high for a decade
Additional relief may be the key to shrinking unemployment. David Kelly, chief global strategist at…
Juliana Kaplan
3 mins read
Remote work has made downtown DC a ghost town as federal office buildings sit mostly empty
DC Mayor Muriel Bowser has urged the White House to bring federal workers back to the office or tur…
Eliza Relman
2 mins read
The government's main budget experts confirmed that the US could risk economic catastrophe as soon as early June
In a matter of weeks, the US might be plunged into entirely preventable and unprecedented economic …
Juliana Kaplan,Ayelet Sheffey
1 min read
Avoiding a US debt crisis is 'economically easy,' but politics stands in the way of urgent reform, research firm says
"Rising debt levels would, at some point, increase inflation and interest rates as well as depress …
Filip De Mott
1 min read
Don't worry about US debt because household wealth is 4 times bigger, former Fed economist says
"Politics is the real threat, not the level of borrowing. A country that prioritizes the size of th…
Filip De Mott
2 mins read
Key student-loan relief is on the line as Congress once again works to avoid a government shutdown
The House GOP's current education spending proposal includes cuts to resources to help student-loan…
Ayelet Sheffey
2 mins read
The $34 trillion mountain of national debt is a 'boiling frog' situation for the US economy, JPMorgan warns
The US government's bills will exceed its revenue by the early 2030s, according to a Congressional …
Jennifer Sor
2 mins read
5 ways House Republicans' budget plan 'will be a disaster for families,' according to the White House
House Republicans want to freeze federal spending at 2022 levels for the next 10 years. The White H…