Tag Archives: CBO

President Donald Trump’s newly signed tax and spending law will add $3.4 trillion to the U.S. national debt over the next decade and strip health insurance from 10 million Americans by 2034, according to a new report released Monday by the nonpartisan Congressional Budget Office (CBO). The sweeping legislation, which …

The nonpartisan Congressional Budget Office released detailed analysis Wednesday showing Republicans’ “big, beautiful bill” would increase federal deficits by $2.4 trillion during the next decade. CBO projects that if enacted as written, the legislation would result in 10.9 million people losing access to health insurance by 2034, a number that …

Jennifer Shutt, Michigan Advance The federal government could default on its debt during the first two weeks of June without action on bipartisan legislation, according to the Congressional Budget Office. The nonpartisan budget scorekeeper issued an updated report Friday, warning that “if the debt limit remains unchanged, there is a significant risk …

The Congressional Progressive Caucus, comprised of nearly 100 U.S. House Of Representative members and 0ne U.S. Senator, has secured the inclusion of a $15 minimum wage in the House pandemic relief reconciliation package. Caucus Chair Pramila Jayapal worked closely with Education & Labor Chairman Bobby Scott and Speaker Nancy Pelosi to have …