congressional budget office

How Democrats Would Raise Taxes on the Rich

How Democrats Would Raise Taxes on the Rich

Investment income of the wealthy is a target that unifies leading presidential candidates and top Democrats in Congress.
Republican Wants to Stop House From Pursuing Wall Street Tax

Republican Wants to Stop House From Pursuing Wall Street Tax

The ranking Republican on the House Financial Services Committee proposed an amendment that would stop the panel from even thinking about taxing trades of stocks, bonds and derivatives.
Powell, Warning of a Possible Virus Fallout, Is Slammed Again by Trump

Powell, Warning of a Possible Virus Fallout, Is Slammed Again by Trump

The virus could affect the global economy, the Federal Reserve head told Congress. He also signaled comfort with leaving interest rates unchanged.
As Powell Warns of Possible Fallout From Coronavirus, Trump Again Criticizes Fed Chair

As Powell Warns of Possible Fallout From Coronavirus, Trump Again Criticizes Fed Chair

The virus could affect the global economy, the Federal Reserve head told Congress. He also signaled comfort with leaving interest rates unchanged.
Treasury Sets Stage for 20-Year Bond Reboot to Start in May

Treasury Sets Stage for 20-Year Bond Reboot to Start in May

U.S. President Donald Trump used Tuesday’s State of the Union to boast about a booming economy, but the federal deficit under his watch is ballooning -- forcing his Treasury Department to keep
Truth Versus Spin in Trump’s Trade Deal Celebrations

Truth Versus Spin in Trump’s Trade Deal Celebrations

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Treasury Set to Detail 20-Year Bond Role in $1 Trillion Funding

Treasury Set to Detail 20-Year Bond Role in $1 Trillion Funding

Treasury Secretary Steven Mnuchin’s debt managers are poised to detail how they will integrate the revived 20-year note into their arsenal for funding U.S. deficits forecast to top $1 trillion each
U.S. GDP Growth Masks Biggest Decline in Imports Since 2009

U.S. GDP Growth Masks Biggest Decline in Imports Since 2009

President Donald Trump has staked his re-election campaign on a U.S. economy that in his telling has become a “roaring geyser of opportunity.” Thursday’s latest growth data, however, showed that
Bernie Sanders Adviser Says U.S. Can Safely Add $500 Billion to Deficit

Bernie Sanders Adviser Says U.S. Can Safely Add $500 Billion to Deficit

The U.S. government could be pumping half a trillion dollars of extra deficit spending into the economy each year without risking a jump in inflation, according to the economist who’s become the
CBO Projects Federal Debt To Rise to $31.4 Trillion

CBO Projects Federal Debt To Rise to $31.4 Trillion

The CBO forecasts a $1 trillion budget deficit this year and an average of $1.3 trillion over the next ten years.
CBO Boosts Economic Growth Forecast, Sees $1 Trillion Deficit

CBO Boosts Economic Growth Forecast, Sees $1 Trillion Deficit

Stronger-than-expected U.S. economic growth that’s pushed the jobless rate to a five-decade low will contribute to an uptick in inflation this year, according to the Congressional Budget Office.

Biden, Sanders Overstate Tax-Hike Revenue, Estimates Find

Democratic presidential candidates Joe Biden and Bernie Sanders have overestimated the amount of revenue their tax proposals would generate by hundreds of billions, or even trillions, of dollars,
The American Way of Paying for Drugs Isn’t Working

The American Way of Paying for Drugs Isn’t Working

Under a new bill, a handful of new drugs might never get produced. That would be worth it.
Trump’s Deficits Are an Existential Threat to Conservatism

Trump’s Deficits Are an Existential Threat to Conservatism

A movement built around limiting the burden that government places on citizens could be crushed by staggering debt.
How to Tax Our Way Back to Justice

How to Tax Our Way Back to Justice

It is absurd that the working class is now paying higher tax rates than the richest people in America.
Trump Administration Drops Proposal to Cut Foreign Aid After Intense Debate

Trump Administration Drops Proposal to Cut Foreign Aid After Intense Debate

Secretary of State Mike Pompeo, Treasury Secretary Steven Mnuchin and top lawmakers had objected to the idea of withdrawing money already allocated for overseas aid.
Trump Administration Drops Proposal to Cut Foreign Aid After Intense Debate

Trump Administration Drops Proposal to Cut Foreign Aid After Intense Debate

Secretary of State Mike Pompeo, Treasury Secretary Steven Mnuchin and top lawmakers had objected to the idea of withdrawing money already allocated for overseas aid.

America’s Budget Deficit Is Going to Top $1 Trillion Two Years Earlier Than Expected

The last time the U.S. ran a deficit over $1 trillion was between 2009 and 2012.
Budget Deficit on Path to Surpass $1 Trillion Under Trump

Budget Deficit on Path to Surpass $1 Trillion Under Trump

The Congressional Budget Office forecasts come as President Trump is mulling new initiatives that would widen the deficit even further.
Budget Deficit on Path to Surpass $1 Trillion Under Trump

Budget Deficit on Path to Surpass $1 Trillion Under Trump

The Congressional Budget Office forecasts come as President Trump is mulling new initiatives that would widen the deficit even further.