If Congress does not raise the debt ceiling, the United States is expected to default on its bills in either August or ...

The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money ...

Weak population gains and increased government spending will result in slower overall economic growth over the next 30 years, ...

The Congressional Budget Office is projecting that federal debt held by the public will climb relentlessly, breaking the ...

Congress should be able to increase deficits if it wants to—but it should do so with honest, transparent, and consistent ...

The U.S. government will probably risk defaulting on some of its $36.6 trillion in debt as soon as August - or possibly even ...

The CBO made its prediction in its long-term budget and economic outlook report, which spans from 2025 to 2055. In the report, the CBO also said it expects publicly held debt to reach 156% of gross ...

The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to ...

The Congressional Budget Office warned that the federal government could run out of enough money to pay all of its bills on ...

New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made ...

The Congressional Budget Office estimated that the U.S. faces the risk of defaulting on its debt in August or September if ...