Tag: Congressional Budget Office
Inflation Reduction Act may have little impact on inflation
WASHINGTON (AP) – With inflation raging near its highest level in four decades, Congress is poised to approve President Joe Biden's signature Inflation Reduction...
U.S. monthly budget deficit eases to $165B in Oct., down 42%...
The United States monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved...
More red ink: U.S. budget deficit through July hit $2.54T
WASHINGTON (AP) – The United States budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to...
Budget office: $15 wage would reduce poverty, increase debt and joblessness
WASHINGTON (AP) – Increasing the minimum wage to $15 an hour would reduce the number of Americans living in poverty and boost wages for...
U.S. economy shrank at 5% annual rate in Q1
WASHINGTON (AP) – The United States economy shrank at an even faster pace than initially estimated in the first three months of this year...
U.S. economy shrank at 4.8% rate last quarter as virus struck
WASHINGTON (AP) – The United States economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the...
CBO says deficit to reach $3.7 trillion in economic decline
WASHINGTON (AP) – A recession caused by the coronavirus pandemic and a government spending spree on testing, health care and aid to businesses and households...
Opinion: Now for the bad news: Medicare costs are accelerating
As debates rage over the cost of United States health care, Medicare’s actuaries have issued a new report. In 2018, overall national spending on...
U.S. posts $1T budget gap, full-year may be lower
WASHINGTON – The United States budget deficit surpassed $1 trillion in the first 11 months of the fiscal year through August, according to data...
U.S. budget gap set to top $1T in FY2020, two years...
WASHINGTON – The United States budget deficit is set to widen to $1 trillion by fiscal year 2020, two years sooner than previously estimated,...
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