The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare ...

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the ...

Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13 ...

We knew even before Monday’s CBO report that Trump’s bill would redistribute wealth from those who have the least to those who have the most.

Recent analysis from the Congressional Budget Office estimated that Medicare spending would see steep cuts over roughly the ...

The CBO reports recent laws cut Medicaid and SNAP for low-income families while giving tax breaks to the wealthy, widening ...

Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while cutting taxes on tips and overtime.

The CBO’s Friday estimate tracks with the nonpartisan Penn Wharton Budget Model, which estimated last month that the social spending plan could cost $3.9 trillion over the next decade if the new ...

The CBO is an independent, nonpartisan office that analyzes the budgetary impact of proposed legislation. It was created by Congress in 1974 and operates by rules and regulations set by the House ...

How to Keep the CBO Honest When It Scores Spending Bills The budget office should be held to the standard of replicability. Dec. 5, 2021 12:43 pm ET Share ...