The Congressional Budget Office projects $1 trillion in federal budget deficit in 2022 and expects federal debt held by the public to fall to 96 percent of gross domestic product by 2023
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Phillip Swagel, director of the Congressional Budget Office, said CBO projects the federal budget deficit to drop from $2.8 trillion in 2021 to $1 trillion in 2022 as the economy bounces back
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The Government Accountability Office (GAO) has recommended that Congress and the administration implement a long-term fiscal strategy after the COVID-19 pandemic to help the country maintain its position to meet its social
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President Donald Trump has urged NATO member countries to meet commitments to spend 2 percent of their gross domestic product on defense, DoD News reported Thursday. Trump said at the NATO headquarters in
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Keith Hall, director of the Congressional Budget Office, has said CBO predicts the U.S. budget deficit to grow over the next 10 years if current laws remain unchanged. Hall said in a statement published
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A new Congressional Budget Office report says the federal budget deficit in fiscal year 2016 ended Sept. 30 reached $587 billion, about $148 billion higher than the shortfall recorded in the previous fiscal year. CBO
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A study released by the Brookings Institution has found that the economic cost of temporary internet shutdowns that occurred in various parts of the world between July 1, 2015 and June 30, 2016 reached at least
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A Congressional Budget Office report predicts the federal budget deficit to hit $590 billion in fiscal year 2016, a figure $56 billion higher than the agency’s shortfall projection in March and $152 billion up
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The Congressional Budget Office has issued a report to discuss the effects of federal investment on the federal budget and economy. CBO said in the report published Thursday that federal spending on
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A Congressional Budget Office report estimates annual costs linked to hurricane damage driven by climate change and development in coastal areas to climb from $28 billion under current conditions to approximately $39 billion by
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