Congressional Budget Office

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Is the U.S. Headed Toward a Budget Surplus?

The last time the United States had a budget surplus was in 2001, according the White House. Unimaginably, it may have one again, and within a very few years. The ...
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An Increase in Minimum Wage Could Cost Business $15 Billion

The Congressional Budget Office released a report that claims that an increase in the national minimum wage to $10.10 will cost American businesses $15 billion in 2017. The debate about ...
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Budget Deficit Continues Shrinking

The Congressional Budget Office (CBO) released its updated estimate of the U.S. federal budget deficit on Monday afternoon. The agency now estimates that the fiscal year 2014 deficit will fall ...
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CBO Projects Minimum Wage Hike Will Cost Another 500,000 Jobs

To raise the minimum wage or not to raise it, that is the big question right now. It turns out that one's opinion on the matter may be as simple ...
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Unemployment May Never Return to “Normal” 5%

For decades, economists have counted 5% unemployment as the sign of a healthy and fully recovered economy. The U.S. jobless rate remains so far from that number, one could fairly ...
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Federal Deficit to Plunge to $514 Billion

The U.S. Congressional Budget Office (CBO) released its Budget and Economic Outlook: 2014 to 2024 Tuesday morning. The non-partisan CBO now estimates that the federal budget deficit in fiscal year ...
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CBO Argues for an End to Federal Cuts

The Congressional Budget Office (CBO) reports that it is this simple: the cancellation of the automatic spending reductions specified by the Budget Control Act of 2011, or sequestration as it ...
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White House Posts New U.S. Deficit Guess: 2017 Will Be a Very Good Year

Most federal debt and deficit forecasts, whether from the White House Office of Management and Budget or the Congressional Budget Office, show America's situation as greatly improved five or 10 ...
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CBO Outlines Costs and Savings of Immigration Bill S. 744

We now have the Congressional Budget Office's projection for what the cost, benefit, and impacts would be for the current immigration bill under proposal. The Senate bill S. 744 is ...
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Federal Deficit to Fall Below $1 Trillion: CBO

The Congressional Budget Office (CBO) today released its budget and economic outlook through 2023, saying that the federal deficit for fiscal year 2013 (ending in September) will shrink to $845 ...
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CBO Puts Debt Ceiling Top in March: A False Sense of Security

The independent Congressional Budget Office issued its new estimate of when the federal government will reach its debt ceiling -- late February or early March. In its "Federal Debt and ...
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US Budget Deficit Lower, But ‘Fiscal Cliff’ Looms

According to the latest data from the Congressional Budget Office (CBO), the US budget deficit for the fiscal year ending September 30th is now forecast at $1.1 trillion. That’s lower ...
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Fed Budget Deficit Lower This Year

The Congressional Budget Office (CBO) released its latest Monthly Budget Review today saying that the federal deficit for the first 10 months of fiscal year 2012 (ending in September) will ...
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CBO: Supreme Court Decision Could Cost Millions Their Health Care

The Congressional Budget Office issued a report about the effects of the Supreme Court decision on the Affordable Care Act. Its conclusion is that 3 million people who would have had ...
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Nine Reasons The Economy Will Soar By 2020

No one can predict the future with absolute certainty but many make educated projections. 24/7 Wall St. has reviewed long-term economic forecasts issued by the government, financial analysts, and academics. ...
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