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The Latest Breaking News from CBO

CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

Roll Call

The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?

Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.

Reason

The National Debt Is Making Us Poorer

The average American will lose between $5,000 and $14,000 annually by 2054 due to the burden of the growing national debt.

Reason

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The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture

Why aren't politicians on both sides more worried than they seem to be?

Reason

What Are The Costs Behind Trump's Economic Proposals?

Republican former president Donald Trump once dubbed himself a "Tariff Man" seeking to boost government coffers.

International Business Times

Vilsack says House proposal threatens farm bill coalition - Roll Call

Agriculture Secretary Vilsack says the House treatment of food stamp benefits threatens to crack the coalition needed to pass a farm bill.

Roll Call

How Immigration is Helping Boost the Labor Market Without Overheating it and Stoking Inflation

Increased immigration can boost the breakeven rate of the so called neutral payrolls growth. What this means

Latin Times

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Latino Unemployment Rate Drops With Another Blowout Report that Exceeds Expectations

Concretely, the rate decreased to 4.5%, a little over the general one, at 3.8%

Latin Times

The National Debt Is a National Security Issue

The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.

Reason

CBO Projects Improved Debt Outlook Due To Immigration And Spending Agreements

CBO's report projects improved debt trajectory due to factors like immigration and spending agreements, emphasizing the critical role of immigration and fi...

Top News

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Reason

Immigration Could Reduce the Deficit by at Least $1 Trillion Over the Next Ten Years

But the Congressional Budget Office projection assumes we will not cut immigration levels, as is likely to happen if Trump returns to power.

Reason

Surging Immigration Will Reduce Deficits by $1 Trillion

New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget.

Reason

Federal Government Will Borrow Another $20 Trillion in the Next Decade

Three things to know about the new Congressional Budget Office report on the growing federal deficit.

Reason

How Increasing Immigration Can Reduce the Deficit

And why the Congressional Budget Office does a poor job of making those estimates.

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Reason

Politicians Need To Stop Pretending the National Debt Is Sustainable

The reality raises questions about the kind of future we want to leave for the next generation.

Reason

Interest Rates Are High. GOP Presidential Candidates Need To Get Serious About It.

They will either reduce the ability to spend money or to cut taxes.

Reason

The Fiscal Hawks Were Right About Debt and Interest Rates

Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.

Evening Standard

TikTok prankster Mizzy: I was wild and reckless, now I want to change

Mizzy, real name Bacari-Bronze O’Garro, gives his first interview since being released from prison

Reason

America Has Borrowed $1 Trillion Since the Start of Football Season

The federal government is borrowing money at a mind-spinning rate, and you can't blame it on the COVID-19 pandemic anymore.

Top News

CBO Forecasts 1.5% GDP Boost, 4.4% Unemployment for US 2024

Take a whimsical trip into the future of the U.S. economy! CBO predicts a dance of numbers - 1.5% GDP growth and 4.4% jobless rate by 2024.

The Independent UK

Congressional Budget Office projects lower inflation and higher unemployment into 2025

The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years

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