Budget Deficit Reached $1.8 Trillion In 2025, According To CBO
Federal Budget Deficit Reaches $1.8 Trillion The Congressional Budget Office (CBO) announced on Wednesday that the federal budget deficit for the fiscal year ending on September 30 hit $1.8 trillion. This figure is just $8 billion shy of the deficit recorded in fiscal year 2024. The CBO noted that revenues saw a rise of about […]
The Fed, CBO, and Trump administration share differing forecasts for the economy
This month, the Federal Reserve has made headlines by cutting interest rates for the first time this year. This move suggests that, despite inflation still hovering above the 2% target, signs of a weakening labor market can’t be ignored. Additionally, there’s a growing sense of uncertainty, particularly with the shifting trade policies and tariffs under […]
Tariffs and tax reductions clash in the newest CBO forecast
Economic Impact of Tariffs and Tax Cuts Recent projections suggest that the tariffs instituted by President Trump alongside significant tax cuts from the GOP will have differing effects on the economy. According to the latest reports from the Congressional Budget Office (CBO), there’s an anticipated increase in economic volatility for the remainder of 2025. While […]
Trump’s ‘grand, appealing plan’ to reduce the U.S. population: CBO
New Republican Immigration Bill to Impact U.S. Population A recent Republican bill aims to significantly reduce the U.S. population, potentially by hundreds of thousands, primarily through stricter immigration laws linked to Trump’s crackdown. The Congressional Budget Office (CBO) revealed that by 2035, there could be 320,000 fewer individuals eligible for Social Security in the U.S., […]
Vance criticizes CBO report on Trump bill increasing inequality: ‘Very bad’
Vice President Vance took issue with a recent analysis from the Congressional Budget Office (CBO), which indicated that President Trump’s “big and beautiful bill” primarily benefits higher earners while potentially worsening the financial situation for the poorest Americans. During a discussion at a refrigerated manufacturing facility in Peachtree City, Georgia, Vance criticized the CBO’s findings, […]
Trump’s tax law may lead to nearly $500 billion in Medicare reductions over the next ten years unless corrected, according to CBO.
Recent analysis from the Congressional Budget Office suggests that Medicare spending is set for significant cuts in the next decade, following the passage of President Trump’s major tax laws last month—and this might happen without any action from Congress. Nonpartisan budget analysts calculated that substantial overall cuts to the federal program could be triggered as […]
Trump’s tax law will primarily advantage the wealthy, leaving lower-income Americans worse off, according to the CBO.
New Tax and Expense Act Details from CBO Washington (AP) – A report from the nonpartisan Congressional Budget Office has revealed that under President Trump’s Tax and Expense Act, the poorest Americans may be losing money while wealthier individuals benefit significantly. The CBO estimates that the bottom 10% of income earners could see a loss […]
CBO estimates that extending temporary tax cuts would increase the deficit by $5 trillion.
Impact of Tax Credit Extensions on Federal Deficit The Congressional Budget Office (CBO) has reported to Senator Jeff Merkley (D-OR), who serves as the ranking member of the Senate Budget Committee, that one significant legislative measure, which represents the cornerstone of President Trump’s domestic policy, could potentially increase the deficit by $5 trillion over the […]
CBO Believes Fannie and Freddie Receivership is Most Beneficial for Taxpayers
CBO Report: Recipients as the Best Path to Finish Fannie-Freddie Relief The Congressional Budget Office (CBO) has released a report outlining how to assess budget plans aimed at ending government oversight of Fannie Mae and Freddie Mac. While the report adopts a nonpartisan tone, its implications are clear: the best choice for taxpayers is to […]
Trump’s major plan will amount to $3.4 trillion over roughly ten years, according to the CBO.
Analysis of Recent Legislation Impacting National Deficit Earlier this month, President Trump enacted what he referred to as a “big, beautiful bill,” which the Congressional Budget Office estimates could add nearly $3.4 trillion to the national deficit over the next decade. A report from non-partisan budget analysts indicated that the legislation is expected to contribute […]