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The Latest Breaking News from the Congressional Budget Office

The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

Budget experts agree on one thing. The debt is on an "unsustainable" trajectory.

Fortune

The national debt isn't $39 trillion. One economist says it's actually $100 trillion

"It's not a Ponzi scheme," Penn Wharton's Kent Smetters explained to Fortune. "It's a shell game."

Fortune

Urgent Social Security Warning: New CBO Report Says Benefits Could Be Cut by 2032

If you rely on Social Security now—or plan to in the next decade—there’s a new warning you can’t afford to ignore. The Congressional Budget Office...

Saving Advice

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The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds

Trump’s federal troop deployment to U.S. cities is costing about $93 million a month, according to the Congressional Budget Office.

Fortune

Trump’s ‘Department of War’ rebrand could cost $125 million, says the CBO, for the likes of replacement stationery and new signs

A conservative estimate would be $10m, wrote the Congressional Budget Office, but depends on how aggressive the Department of War wants to be with its rebrand.

Fortune

Budget office expects Federal Reserve to cut rates in 2026

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates in 2026

The Independent UK

Trump's retreats on tariffs have already wiped out $800 billion of expected deficit reduction, CBO estimates

The Congressional Budget Office is projecting $2.5 trillion of deficit reduction over 11 years, down from its $3.3 trillion projection in August.

Fortune

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US Congressional Budget Office Hacked: China Suspected in Ongoing Breach Threat

The Congressional Budget Office (CBO) faces an ongoing cyberattack, with suspected Chinese state-backed hackers targeting sensitive US budget and policy data.

International Business Times UK

Trump team is secretly handing out massive tax breaks to wealthy American corporations: report

The proposed regulations tack on to the tax relief laid out in the president’s ‘One Big Beautiful Bill’ Act

The Independent UK

Congressional Budget Office investigating hack of its systems

A foreign adversary is likely behind the hack, the Washington Post first reported.

Axios

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

Fortune

Lawmakers’ health care, government shutdown claims - Roll Call

FactCheck.org digs into each party's claims about health insurance coverage — the issue that has spurred a shutdown over federal funding.

Roll Call

How the government shutdown is hitting the health care system – and what the battle over ACA subsidies means

Major rifts over key health care issues are at the heart of the federal government shutdown that began at the stroke of midnight on Oct. 1, 2025.

The Conversation

Everything We Know About US Government Shutdown: What It Means, When It Last Happened And Why It's Back

The US federal government has shut down for the first time since 2019, halting non-essential services, furloughing hundreds of thousands of workers, and igniting a bitter political fight over healthcare funding.

International Business Times

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International Business Times UK

Quick Facts About The US Government Shutdown: What It Means, When It Last Happened And Why It's Back

International Business Times

Health Insurance Subsidies Hang In The Balance Amid Federal Shutdown

Nearly 90 percent of people in ACA plans currently receive some level of federal assistance to reduce premiums.

Fortune

Congressional Budget Office says Trump's immigration crackdown will shrink U.S. population faster than expected, a threat to inflation and GDP growth

Economists have warned the president’s immigration policies could drive a labor shortage threatening to shrink U.S. GDP growth and amplify inflation.

The Independent UK

Trump’s controversial $250 visa fee could cost the US economy $11 billion as tourists stay away, research finds

The Congressional Budget Office estimated that the “visa integrity fee” would bring in more than $27 billion over a decade

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Benzinga

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

GOBankingRates

Here’s How Much Every Tax Bracket Would Gain — Or Lose — Under Trump’s ‘Big, Beautiful Bill’

After many months of touting the 'Big, Beautiful Bill,' President Donald Trump finally passed it with the approval of the House and Senate. How will it affect Americans' wallets?

The Conversation

How 17M Americans enrolled in Medicaid and ACA plans could lose their health insurance by 2034

The big tax and spending package President Donald Trump signed into law on July 4, 2025, will cut government spending on health care by more than US$1 trillion over the next decade.

The Independent UK

Trump’s ‘Big Beautiful Bill’ is estimated to leave millions without health care. He insists ‘it’s not going to cause death’

About 11.8 million people are at risk of losing their health insurance, according to the Congressional Budget Office

The Conversation

Rural hospitals will be hit hard by Trump’s signature spending package

The public health provisions in the massive spending package that President Donald Trump signed into law on July 4, 2025, will reduce Medicaid spending by more than US$1 trillion over a decade and result in an estimated 11.8 million people losing health insurance coverage.

Benzinga

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

The Social Security Administration (SSA) has come under scrutiny for distributing an email that inaccurately describes the impact of President Donald Trump’s new tax legislation on Social Security benefits.

Benzinga

Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans

On Friday, President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will significantly widen the federal deficit and leave millions uninsured.

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