U.S. Congressional Budget Office News

Hutchins Center economist: 'Fiscal Responsibility Act will bring debt/GDP ratio to 115% in 2033'

According to a recent assessment by the Congressional Budget Office (CBO), the Fiscal Responsibility Act is expected to have a significant impact on the nation's debt-to-GDP ratio.

US Treasury Faces Early June Financial Crunch as Tax Receipts Fall Short, CBO Warns

The Congressional Budget Office (CBO) has expressed concern over a significantly greater risk of the US Treasury running out of funds in early June due to lower-than-expected tax receipts through April.