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

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

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the ...

Potential NIH and FDA cuts could lower the number of new drugs that come to market in the next three decades, according to a ...

Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13 ...

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...

Recent analysis from the Congressional Budget Office estimated that Medicare spending would see steep cuts over roughly the ...

The CBO says Trump's megabill will decrease resources "for households toward the bottom" of the income scale and increase for households "toward the top." ...

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 ...

The CBO is an independent, nonpartisan office that analyzes the budgetary impact of proposed legislation. It was created by Congress in 1974 and operates by rules and regulations set by the House ...

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 ...