Congressional Budget Office
Apr 14, 2014 — While the Congressional Budget Office has lowered its shortfall projections for the next few years, it warns that deficits will start rising substantially again unless policymakers act.
Feb 4, 2014 — The Congressional Budget Office says the federal budget deficit in fiscal 2014 will shrink to $514 billion — far less than it was at the height of the Great Recession. While the short-term outlook is a bit brighter, the CBO says there's still plenty to worry about in the long term.
Sep 17, 2013 — The good news is that the Congressional Budget Office projects the budget deficit will shrink in 2015. The bad news? After that, deficits will gradually rise.
Aug 22, 2012 — The nonpartisan analysis arm of Congress has released its latest forecasts on the budget and the economy.
Jan 31, 2012 — The deficit is slightly smaller than last year's, amounting to about 7 percent of GDP or two points lower than last year.
Aug 1, 2011 — The House of Representatives has approved legislation to raise the federal debt ceiling and prevent a U.S. default, as the nation nears the end of a bitter standoff. The Senate votes on the measure Tuesday.
Jan 26, 2011 — CBO described a dismal economic scene, giving a cold splash of fiscal reality after Obama's successful State of the Union speech. The CBO not only pointed to the role of increased entitlement spending but tax cuts for the worsening picture.
Jan 26, 2011 — In the past year, the nonpartisan Congressional Budget Office's forecast of the 2011 deficit has grown by about $500 billion.
Jan 18, 2011 — A group of economists said mandates in the new law will be a disincentive to job creation. Many of the economists have played roles in the Republican administrations or have been GOP aides on Capitol Hill.