Congressional Budget Office – Page 2

Pass the Debt Ceiling Deal

Biden’s deal with Republicans would avoid default and deserves support, but Congress was reckless in allowing this standoff to happen again.

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

How to Use the Debt Ceiling to Inflict Cruelty on the Poor

Republicans have singled out low-income Americans, yet again, as a prime target in this year’s scheme over the debt limit.

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.

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.