CBO projects deficits will sharply rise if Trump tax cuts made permanent
New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made ...
Permanent Tax Cut Extension Could Spell 250% Debt-to-GDP: CBO
Permanently extending expiring provision of the GOP’s 2017 tax cuts would increase the national debt to more than double gross-domestic product over the next three decades, according to estimates ...
Committee for a Responsible Federal Budget12d
12-Month Rolling Deficit Rises to $2.2 Trillion in February 2025
The federal budget deficit totaled $2.2 trillion between March 2024 and February 2025 based on estimates from the ...
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The federal deficit keeps growing and the Congressional Budget Office has solutions
The nonpartisan Congressional Budget ... the CBO projected that federal budget deficits are expected to average $1.9 trillion, or about 5.4% of gross domestic product (GDP), over the next 10 ...
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Assessing J.D. Vance’s Claims About Immigration and Economic Growth
Alex Nowrasteh, the Cato Institute’s vice president for economic and social policy studies, pushed back on Vance’s claim.
Committee for a Responsible Federal Budget12d
House Spending Cuts Would Not Be Largest in History
The House recently adopted its Fiscal Year (FY) 2025 budget resolution, which includes reconciliation instructions allowing a net ...
GlobalAir.com8d
Aviation coalition calls on Congress to avoid government shutdown
A coalition of 28 industry stakeholders sent a letter to congressional leaders, calling on them to take action to prevent a ...