Tag: Congressional Budget Office
The Fed can do very little about high mortgage rates
The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...
Supreme Court strikes down Trump’s sweeping tariffs, upending central plank of...
WASHINGTON (AP) – The Supreme Court struck down President Donald Trump's far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his...
CBO: Federal deficits and debt to worsen over next decade
WASHINGTON (AP) – The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social...
President Trump signs funding bill, ending government shutdown
WASHINGTON (AP) – President Donald Trump signed a government funding bill Wednesday night, ending a record 43-day shutdown that caused financial stress for federal workers...
The future of Pell grants is unclear for students
The federal Pell Grant program, named after the late Rhode Island Sen. Claiborne Pell, has money problems.
The Congressional Budget Office is projecting the program...
If the 2017 tax cut sunsets, it could boost charitable giving
With the clock ticking down on the $1.5 trillion tax cut approved by Republicans in 2017, America’s wealthiest donors and their advisers are beginning...
Congressional Budget Office projects lower inflation and higher unemployment into 2025
WASHINGTON (AP) – The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as...
Congressional Budget Office predicts slower economic growth and 4.7% unemployment into...
WASHINGTON (AP) – The Congressional Budget Office reported Wednesday that economic and job growth so far this year has been stronger than forecast in February, but...
Fed attacks inflation with another big hike and expects more
WASHINGTON (AP) – Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a...
Biden administration forecasts $1.03T deficit, down $400B
WASHINGTON (AP) – The Biden administration is forecasting that this year's budget deficit will be nearly $400 billion lower than it estimated back in...
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