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The Debt-Limit Deal Suggests Debt Will Keep Growing, Fast
Posted inCongressional Budget Office Democratic Party Federal Budget (US) Internal Revenue Service Medicare National Debt (US) Republican Party Social Security (US) Taxation United States Politics and Government

The Debt-Limit Deal Suggests Debt Will Keep Growing, Fast

Negotiations to prevent a government default reaffirmed that the big drivers of future deficits are all off the table in a divided Washington.
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Posted by By Jim Tankersley
Potential Debt Ceiling Deal Would Barely Change Federal Spending Path
Posted inBiden, Joseph R Jr Congressional Budget Office Federal Budget (US) McCarthy, Kevin (1965- ) Medicare National Debt (US) Social Security (US) United States Economy United States Politics and Government

Potential Debt Ceiling Deal Would Barely Change Federal Spending Path

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs
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Posted by By Jim Tankersley
U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns
Posted inCongressional Budget Office Federal Budget (US) National Debt (US) Treasury Department United States Economy United States Politics and Government

U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns

A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.
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Posted by By Alan Rappeport
In Debt Limit Talks, Biden and Republicans Start Far Apart
Posted inBiden, Joseph R Jr Congressional Budget Office Federal Budget (US) McCarthy, Kevin (1965- ) National Debt (US) United States Politics and Government

In Debt Limit Talks, Biden and Republicans Start Far Apart

As the president prepares to meet with Speaker Kevin McCarthy this week, his budget shares little common ground with spending and tax proposals from House Republicans.
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Posted by By Jim Tankersley

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