The Congressional Budget Office adjusted its economic growth outlook for 2023 on account of inflation, higher interest rates and an uptick in unemployment that occurred in the second half of 2022. In
MoreKeith Hall, director of the Congressional Budget Office, told House Budget Committee members Thursday the agency has forecast the U.S. deficit will grow over the next 10 fiscal years if the current government spending authority
MoreThe Congressional Budget Office forecasts the U.S. budget deficit to reach $544 billion in fiscal 2016, about $105 billion more than fiscal 2015’s shortfall, Bloomberg reported Wednesday. Andrew Mayeda writes CBO said in a budget and economic outlook report
MoreThe Congressional Budget Office estimates that the U.S. budget deficit for the current fiscal year will reach $506 billion, a $170 billion decrease from the shortfall level recorded in fiscal 2013. CBO’s
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