Stories Tagged as
CBO
$15 minimum wage would reduce poverty but cut jobs, CBO says
Feb 9, 2021
The CBO report says a $15 minimum wage would pull 900,000 people out of poverty but cost almost 1.5 million jobs.
What it means to return to a "pre-pandemic" economy
Feb 2, 2021
Even if the numbers return to where they once were, the economy is probably going to look very different.
CBO says COVID-19 recovery for the U.S. economy will take about 10 years
by
Nova Safo
Jun 2, 2020
The agency projects the COVID-19 pandemic will cost the U.S. almost $8 trillion in lost economic output this decade.
Grad students will receive billions in debt forgiveness
by
Justin Ho
Feb 13, 2020
The CBO released a report this week estimating that over the next decade, the federal government will forgive $207 billion in student loans.
How the CBO became "God" in Washington's budget battles
May 15, 2019
Credit the agency's founding director, Alice Rivlin, who died this week.
The shutdown cost the U.S. economy $3 billion, Congressional Budget Office says
by
Kai Ryssdal
and Maria Hollenhorst
Jan 28, 2019
"We think we'll be down about $3 billion of GDP," CBO Director Keith Hall says.
We're heading toward trillion-dollar deficits. Here are 5 things you need to know.
Apr 10, 2018
The Congressional Budget Office says deficits will nearly equal GDP by 2028. That can't be good, right?
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CBO: Tax cuts, spending to raise deficit to $1 trillion by 2019
Apr 9, 2018
The Congressional Budget Office says the tax and spending bills will increase the budget deficit by billions.
The GOP tax plan just got more expensive
Nov 8, 2017
A new estimate by the Congressional Budget Office says the plan could add $1.7 trillion to the deficit
Debt: Another big congressional battle on the horizon
by
Adriene Hill
Jun 29, 2017
The Congressional Budget Office is expected to release a report today on the country’s debt ceiling. The debt limit, which caps the amount the United States can borrow, was reinstated back in March. And the Treasury Department began using what are called “extraordinary measures” to help cover its obligations. But those will run out at […]