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How the CBO gets to these figures is at the center of a long-running debate in Washington, because these estimates often ...
ABC News’ Senior White House Correspondent Selina Wang reports on the economic impact of the new tax and spending bill.
The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.
The Congressional Budget Office reported the House’s version of the "big, beautiful bill" would add $6 trillion to the debt, then the Senate version was projected to add $3.3 trillion.
The Congressional Budget Office (CBO) projects that the tax piece of President Trump’s “big, beautiful bill,” a core ...
President Donald Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load while resulting in even ...
The Congressional Budget Office estimates 11.8 million could lose their health care coverage and $3.3 trillion would be added ...
The Senate version of President Donald Trump’s tax and spending measure would add nearly $3.3 trillion to US deficits over a ...
The new numbers represent a $4.5 trillion decrease in tax revenues and a $1.2 trillion cut in spending through 2034.