Tag: Congressional Budget Office
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,...
CBO sees Trump shutdown as an economic blip totaling $3B
NEW YORK - The five-week partial shutdown of the United States government will ultimately cost the world’s biggest economy just $3 billion, though the...
U.S. budget deficit swells to $898B, topping forecast
NEW YORK - The United States budget deficit widened to $898 billion in the 11 months through August, exceeding the Congressional Budget Office’s forecast...
U.S. budget deficit to balloon to $1 trillion by 2020, CBO...
NEW YORK - The United States budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and...
Senate GOP has 12 days to repeal ACA and no room...
NEW YORK - Senate Republicans making one last-ditch effort to repeal the Affordable Care Act have the daunting task of assembling 50 votes for...
Halting Obamacare subsidies would increase deficit, CBO says
NEW YORK – Health plan premiums for some in Obamacare will surge and the federal deficit will increase by almost $200 billion over a...
Obamacare repeal fails early in Senate’s health care debate
NEW YORK - The Senate rejected a simple repeal of Obamacare on Wednesday, still in the early stages of an unpredictable floor debate on...
