Congressional Budget Office

Congressional Budget Office News

Republicans agree on sweeping changes in US tax system; voting on new bill to be held next week
World

Republicans agree on sweeping changes in US tax system; voting on new bill to be held next week

US Republicans from both houses of Congress released their tax bill Saturday, moving one step closer to delivering the most significant changes to America's tax system in more than three decades

John McCain opposes new Graham-Cassidy healthcare bill, torpedoes Republican effort to repeal Obamacare
World

John McCain opposes new Graham-Cassidy healthcare bill, torpedoes Republican effort to repeal Obamacare

McCain's rejection of the latest Obamacare replacement bill is yet another slight against the current president, someone he has repeatedly challenged.

Donald Trump's healthcare bill: 5 reasons why it would fail in US Senate, and 3 why it may not
World

Donald Trump's healthcare bill: 5 reasons why it would fail in US Senate, and 3 why it may not

There are many reasons why the Senate will probably reject Republicans' crowning bill razing much of former Barack Obama's healthcare law

After Donald Trump's healthcare bill tanks, US Senate set to vote on Obamacare repeal next week
World

After Donald Trump's healthcare bill tanks, US Senate set to vote on Obamacare repeal next week

Washington: The US Senate will vote next week on proceeding to a bill that repeals the Affordable Care Act without a ready replacement plan, the chamber's top Republican has said.

United States Senate Republicans start their version of Obamacare repeal
World

United States Senate Republicans start their version of Obamacare repeal

Washington: Senate Republicans have started writing their Obamacare repeal bill even though few decisions have been made about how to resolve the biggest policy disagreements, the media reported.

Donald Trump releases 2018 budget request: 'Takes a meat cleaver to the middle class,' says Chuck Schumer
World

Donald Trump releases 2018 budget request: 'Takes a meat cleaver to the middle class,' says Chuck Schumer

President Donald Trump releases a 2018 budget request on Tuesday that includes huge Medicaid cuts and changes to anti-poverty programs as it strives to balance the budget within a decade, the White House said in previewing the plan.

US' August budget deficit drops 50% to $64.4 billion on payments benefit in July
Business

US' August budget deficit drops 50% to $64.4 billion on payments benefit in July

Some $42 billion in August benefit payments were made in July because August 1 fell on a Saturday