Latest United States Congressional Budget Office News

CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

Jan. 17, 2025 15:31 PM EST

WASHINGTON (AP) — The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump. The nonpartisan Congressional Budget Office released its 10-year...

US population projections shrink from last year because of declining birth rates, less immigration

Jan. 15, 2025 10:42 AM EST

The Congressional Budget Office has shrunk its projections for the U.S. population in 30 years to 372 million residents, a 2.8% drop from last year, citing declining birth rates and less expected immigration. The budget office last year projected 383 million people living in the...