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Undocumented immigrants will boost economy, lower deficit, CBO says

According to a study by the Congressional Budget Office (CBO), the increase in the U.S. illegal immigrant population is expected to reduce the budget deficit by nearly $1 trillion over the next decade. CBO ForecastThese are based on the net amount of economic activity generated, taxes paid, and benefits allocated by the immigrant groups included […]

CBO predicts nondefense spending bills won’t face automatic cuts post-April 30

The nonpartisan Congressional Budget Office (CBO) said Wednesday that even if Congress fails to pass the six remaining spending bills by the April 30 deadline, funding for non-defense programs will not be subject to automatic spending cuts. announced. prediction This is a potentially key issue in an ongoing funding battle between Republicans and Democrats that […]

New CBO figures hint at a need for historic statesmanship to avoid disaster

The country is in a critical financial situation.Judging by the general public’s yawn below: release Looking at yesterday’s Congressional Budget Office’s 2024 budget and economic outlook, some may wonder why we aren’t more cautious. Yes, there are the usual post-release platitudes from think tanks and influencers left and right. A small heading appears below the […]

Biden’s Climate Agenda Is Contributing To Ballooning Deficit, CBO Says

President Joe Biden’s massive climate change policies are contributing to the ballooning federal budget deficit, according to the Congressional Budget Office (CBO). The administration’s green spending, Vice President Kamala Harris recently Estimation It costs $1 trillion and contributes to the growing federal deficit. according to In a new CBO report assessing the nation’s budget outlook […]