Congressional Budget Office, Trump
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The supposedly “nonpartisan” Congressional Budget Office (CBO), which provides Congress with cost estimates for its policy proposals, may not be
A small government office with some 275 employees has found itself caught in the political crossfire as Congress debates President Donald Trump’s “one big beautiful bill.”
President Trump's big agenda bill is facing some serious resistance from Republicans, especially after it was revealed the bill would add $2.4 trillion to the national debt over the next 10 years, according to an estimate from the non-partisan Congressional Budget Office.
New reports show New York faces multibillion-dollar budget cuts if the federal budget reconciliation bill passes in its current form. A nonpartisan Congressional Budget Office report found what is known as the “One Big Beautiful Bill Act” would cost the state government more than $15 billion annually and kick 1.
WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.
The Congressional Budget Office estimates the package would add $2.4 trillion to the national deficit over a decade and leave 10.9 million more Americans without health insurance.
Office of Management and Budget Director Russ Vought told a House committee on Wednesday that the Trump administration could send more requests to claw back already appropriated money if its first attempt is successful.
Bobby Kogan, senior director of federal budget policy at the Center for American Progress, a liberal think tank, said in an emailed statement that the Trump administration was already “illegally impounding additional funds,” as withholding money has “always been illegal without explicit Congressional approval.”