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CBO

Senate tax bill would add $3.3 trillion to U.S. deficits, CBO says

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The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a decade, according to a new estimate from the nonpartisan Congressional Budget Office. The CBO score for the so-called One Big Beautiful Bill reflects a $4.5 trillion decrease in revenues and a $1.2 trillion decrease … Read more

CBO digs further into ‘Big, Beautiful Bill’ and now says it will raise deficit by $2.8 trillion

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The report, produced by the nonpartisan CBO and the Joint Committee on Taxation, factors in expected debt service costs and finds that the bill would increase interest rates and boost interest payments on the baseline projection of federal debt by $441 billion. The analysis comes at a crucial moment as Trump is pushing the GOP-led Congress to act on … Read more

Trump tariffs would cut deficits by $2.8 trillion over 10 years—while shrinking the economy and raising inflation, CBO says

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President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office. The numbers were revealed in a letter sent to Democratic congressional leadership outlining how the Trump administration’s … Read more

US debt could explode above 200% of GDP in two decades if Trump’s tax cuts become permanent, CBO says — putting it at unsustainable levels

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Making President Donald Trump’s tax cuts permanent would send US debt held by the public above 200% of GDP in a few decades, according to a new estimate from the nonpartisan Congressional Budget Office. Trump’s signature economic policy achievement from his first term is due to expire at the end of this year, but he … Read more

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