Topic - Congressional Budget Office

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Man checks receipts. File photo credit Denys Kurbatov via Shutterstock.

Growing government debt tops climate as bigger threat to economy; budget crunchers get reality check

By Stephen Dinan - The Washington Times

In this Friday, Nov. 11, 2011, file photo, a student walks in front of the Old Main building on the Penn State campus in State College, Pa. (AP Photo/Matt Rourke, File)

Bill for student-loan cancellations comes in — nearly $3,100 per household

By Jennifer Harper - The Washington Times

President Joe Biden speaks about student loan debt at Madison College, April 8, 2024, in Madison, Wis. Relatively few Americans say they're fans of Biden's work on the issue of student loans, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research conducted May 16-21. The survey found that three in 10 U.S. adults say they approve of how Biden has handled the issue of student loan debt, while 4 in 10 disapprove. (AP Photo/Evan Vucci) **FILE**

Feds to run $2 trillion deficit this year; Biden’s student loan reprieve partly to blame

By Stephen Dinan - The Washington Times

Tax cuts and the U.S. economy illustration by Alexander Hunter/The Washington Times

Hey Congressional Budget Office, tax cuts are good for the economy

By Michael McKenna

Send your letters to the editor: yourletters@washingtontimes.com

Letter to the editor: Vote with a party

Migrants depart from Tapachula, Mexico, Dec. 24, 2023. (AP Photo/Edgar H. Clemente) **FILE**

Border upside: Surge of illegal immigrants helped U.S. economy avoid recession

By Stephen Dinan - The Washington Times

Congress and the debt crisis illustration by Greg Groesch / The Washington Times

CBO report confirms reckless spending, not tax cuts, to blame for fiscal crisis

By Alfredo Ortiz

The U.S. Capitol is seen at sunrise, Wednesday, Feb. 7, 2024, in Washington. A Senate deal on border enforcement measures and Ukraine aid has suffered swift and total collapse. Republicans withdrew support despite President Joe Biden urging Congress to “show some spine” and stand up to Donald Trump. But Senate Republican Leader Mitch McConnell says that a deal to pair border policy changes with $60 billion in wartime aid for Ukraine is dead. (AP Photo/Jose Luis Magana)

GOP’s debt deal, migrant labor boom tamed government spending — for now

By Stephen Dinan - The Washington Times

Sen. Bernie Sanders, I-Vt., questions Moderna CEO and Director Stephane Bancel during a Senate HELP Committee hearing on the price of the COVID-19 vaccine, Wednesday, March 22, 2023, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin, File)

Younger, less educated workers figured to bear brunt of fallout from $17 hourly minimum wage

By Stephen Dinan - The Washington Times

Nicole Lipa prepares a drink at a Starbucks location on June 28, 2023, in Seattle. (AP Photo/Lindsey Wasson) **FILE**

Economy will slow but avoid recession in 2024, contends Congressional Budget Office

By Stephen Dinan - The Washington Times

Sen. Chuck Grassley, R-Iowa, talks with reporters as he arrives for a vote on Capitol Hill, Wednesday, Sept. 6, 2023 in Washington. (AP Photo/Mark Schiefelbein)

Pandemic budget honeymoon disappears as federal spending surges

By Stephen Dinan - The Washington Times

President Joe Biden speaks about the Inflation Reduction Act of 2022 during a ceremony on the South Lawn of the White House in Washington, Sept. 13, 2022. The one-year anniversary of the Inflation Reduction Act being signed into law is on Wednesday, Aug. 16, 2023. (AP Photo/Andrew Harnik, File)

Inflation down, but Inflation Reduction Act doesn’t deserve credit

By Josh Boak and Paul Wiseman - Associated Press

The Capitol Dome and East Front of the of the House of Representatives is seen in Washington, Wednesday, April 19, 2023. This year's projected government budget deficit has jumped by $130 billion, due in part to a proposed change to student loan repayment plans and a series of bank rescues organized by federal regulators, the Congressional Budget Office said Friday.(AP Photo/J. Scott Applewhite, File)

CBO says federal deficit will reach $1.7 trillion this year, third-worst in history

By Stephen Dinan - The Washington Times

Cash is fanned out from a wallet in North Andover, Mass., June 15, 2018. The U.S. economy grew faster than expected in the July-September 2022 quarter, the government reported Thursday, Oct. 27, 2022, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear. (AP Photo/Elise Amendola, File)

Economy will slow this year, but avoid recession: CBO

By Stephen Dinan - The Washington Times

In this July 16, 2019, file photo an American flag flies on the Capitol Dome in Washington. On Thursday, Sept. 12, the Treasury Department releases federal budget data for August. (AP Photo/Carolyn Kaster, File)

$1 trillion deficit a sobering reality for big-spending feds as revenue drops

By Stephen Dinan - The Washington Times