Congressional Budget Office – Page 4

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.

By Alan Rappeport

Biden, 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.

By Jim Tankersley

Biden, Joseph R Jr Committee for a Responsible Federal Budget Congressional Budget Office Democratic Party Federal Budget (US) Global Warming Inflation Reduction Act of 2022 Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Oil (Petroleum) and Gasoline Republican Party United States Economy United States Politics and Government

The Debt Ceiling Debate Is About More Than Debt

Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt.

By Jim Tankersley

Congressional Budget Office Coronavirus Aid, Relief, and Economic Security Act (2020) Federal Budget (US) House of Representatives Republican Party Stimulus (Economic) United States Politics and Government

House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan

Estimates put the amount of leftover money between $50 billion and $70 billion. But even if Republicans could claw it back, it would not make much of a dent in the deficit.

By Catie Edmondson and Madeleine Ngo

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