The Congressional Budget Office is expected to release a report today on the country’s debt ceiling. The debt limit, which caps the amount the United States can borrow, was reinstated back in March. And the Treasury Department began using what are called “extraordinary measures” to help cover its obligations. But those will run out at […]
The Congressional Budget Office will release its assessment, or “score,” of the House GOP’s revised health plan this afternoon. When the first draft was released back in March, the CBO estimated 24 million people would lose health insurance under that plan. Among the questions are, will this revised plan cover more people than the last […]
We got some grim news from the Congressional Budget Office today. The CBO predicted that the budget deficit and government debt will more than triple during the next 30 years unless Congress and the White House change the laws on how much the country spends and takes in. A big part of the problem? The […]
If you want to be loved, you don’t go to work for the Congressional Budget Office. The non-partisan agency’s job is to make economic projections and provide Congress with all sorts of budget data. Data that fails to account for all sorts of possibilities and invariably makes somebody unhappy. The agency earned the wrath of […]
President Trump has stated he wants to put together a trillion-dollar infrastructure spending plan. Democrats are all for it – they’ve even come up with a plan of their own. Republicans will likely push back on either option. Especially now that the CBO is projecting an increase in federal deficits for the first time in […]
