congressional budget office
U.S. Budget Deficit Increases 23% in Nine Months
The budget gap could top $1 trillion for the full fiscal year.
CBO Gives Mixed Verdict on $15 Minimum Wage
A hike in the minimum wage to $15 per hour would boost the income of 17 million workers but could also lead to the loss of 1.3 million jobs, the CBO says.
Growth of Federal Debt Slows, but ‘Unprecedented Levels’ Ahead
The nation’s federal debt is projected to swell over the next 30 years if current laws remain unchanged, CBO says.
Has the TCJA Actually Helped Companies?
The overall financial impact of the Tax Cuts and Jobs Act is difficult to calculate and may be viewed differently by optimists and skeptics.
U.S. Budget Deficit Widens to $208B in March
The U.S. government's rising debt "would have serious negative consequences for the budget and the nation," the CBO warned this week.
After Another Cadillac Tax Delay, Now What?
With the tax perhaps unlikely to ever take effect, should companies still factor it into their benefits planning and strategies?
CBO: Shutdown Looms If Debt Ceiling Isn’t Lifted
Projected budget deficits have also increased amid ‘surprisingly weak tax collections.’
TrumpCare Could Cause Cost Shift To Employers, Experts Warn
Millions of newly uninsured could cause a spike in costs for health-care providers, who likely would pass the costs on to private payers.
‘TrumpCare’ to Increase Uninsured by 24 Million
A CBO report “makes clear that TrumpCare will cause serious harm to millions of American families," Sen. Charles Schumer says.
CBO Revises 2017 Budget Gap Down to $559B
But the agency also sees the deficit reaching $1.4 trillion, or 5% of GDP, by 2027, driving debt held by the public to the highest level since 1947.
State Minimum-Wage Votes May Pressure Congress to Act
Four states passed proposals to increase the minimum wage, adding to the growing support for higher pay floors for U.S. workers.