Government report reveals CBO was scandalously off in Obamacare estimates
A new report from government actuaries has revealed that the Congressional Budget Office was scandalously off in its estimates of the impact of Obamacare’s individual mandate, a miscalculation that has had significant ramifications for healthcare and tax policy over the past decade.
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Shutdown costs pegged at $3 billion as government reopens
The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President Donald Trump’s demand for border wall funding, congressional researchers said on Monday as 800,000 federal employees returned to work after 35 days without pay.
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CBO report: Deficit to hit $897 billion in 2019, $1 trillion by 2022
The federal deficit will rise to $897 billion this year but isn’t expected to surpass $1 trillion for another three years, the Congressional Budget Office said in a report Monday.
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House bill to delay or repeal parts of Obamacare would cost nearly $52B: CBO
A House bill to delay or repeal certain parts Obamacare would cost the federal government $51.6 billion over a decade, according to a new government analysis released Tuesday.
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CBO: US Debt Burden Set to Break Record in Early 2030s
Debt as a share of the United States economy is on track to blow through the previous World War II-era record within two decades and keep rising from there, the Congressional Budget Office said in its annual long-term budget report.
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White House underestimated new debt in Trump budget by $2.3 trillion: CBO
President Trump’s proposed budget would add $2.3 trillion more to deficits over the next decade than the White House estimated, the Congressional Budget Office said Thursday.
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