CBO: Obama budget cuts deficits $1.1T by 2023
6 days ago
The Congressional Budget Office said Friday that after four straight years of annual shortfalls exceeding $1 trillion, Obama's budget would leave this year's deficit at $669 billion.
Projected lower deficit could slow any budget deal
8 days ago
But under the rules binding the CBO, the nonpartisan agency that does economic and budget analysis for Congress, they are included in official projections.
Gov't fiscal outlook improving _ but only for now
72 days ago
The federal budget deficit will drop to $845 billion this year after topping $1 trillion for four straight years, the nonpartisan Congressional Budget Office projects.
Farm bill would save less than previously thought
83 days ago
A report released by the Congressional Budget Office Friday says a Senate-passed farm bill would save $1.3 billion annually, as opposed to the $2.3 billion per year in savings estimated last year.
Stingier inflation gauge can cut deficit by $340B
83 days ago
The Congressional Budget Office estimates that changing to the new, lower inflation adjustment known as the chained consumer price index would curb federal spending by $198 billion over that time...
How to fix US debt without hurting fragile economy
85 days ago
If nothing is done about the long-term budgetary burdens, the debt will reach $19.9 trillion by 2023, according to the Congressional Budget Office.
Growth in US budget deficit slows in January
100 days ago
The Congressional Budget Office is forecasting that this year's deficit will total $845 billion.
Obama urges short-term budget fix, but GOP balks at more revenue
107 days ago
CBO director Douglas Elmendorf told reporters Tuesday that there are consequences for allowing fiscal problems to go unfixed.
CBO: Budget deficit estimated at $845B
107 days ago
However, CBO warns that future growth would be constrained if the government doesn't reduce future deficits.
Commentary: The parallel universe of the White House
124 days ago
"At one point several weeks ago," Boehner recalled, "the president said to me, 'We don't have a spending problem.' "That would be news to the Congressional Budget Office, which has declared that...
