The sweeping tax and spending cuts package that President Donald Trump signed into law on July 4 is expected to leave 10 ...

Some 2.4 million fewer Americans, including families with children, are forecast to receive food stamps benefits in an ...

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

WASHINGTON (AP) — President Donald Trump’s tax and spending law will result in less income for the poorest Americans while ...

The Congressional Budget Office has confirmed President Trump’s new budget law will trigger over $500 billion in Medicare ...

Medicare could see deep cuts through 2034 under the Statutory Pay-As-You-Go Act of 2010 after the One Big Beautiful Bill Act was passed on July 4, according to an Aug. 15 Congressional Budget Office ...

Committee for a Responsible Federal Budget (CRFB) — on Wednesday updated its baseline forecasts for the next decade, ...

After congressional Republicans passed a tax and spending law that tightened eligibility for safety-net programs, critics ...

The CBO's director, Phillip Swagel, served in former Republican President George W. Bush’s administration as an economic adviser and as an assistant secretary at the Treasury Department.

Congressional Budget Office Director Phillip Swagel speaks during a news briefing on the release of new economic reports on Feb. 15, 2023 in Washington, DC. Getty Images The report estimates a $1. ...

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 ...

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 ...