The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare ...

Recent analysis from the Congressional Budget Office estimated that Medicare spending would see steep cuts over roughly the ...

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the ...

The CBO says Trump's megabill will decrease resources "for households toward the bottom" of the income scale and increase for households "toward the top." ...

Trump’s spending bill will cut aid for low-income families, costing most $1,200 yearly, while boosting wealthy incomes by $13 ...

Some 2.4 million fewer Americans, including families with children, are forecast to receive food stamps benefits in an ...

Republican legislation criticized by media will slash deficits through economic growth, tariff revenue and deportation while cutting taxes on tips and overtime.

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people ...

The sweeping tax and spending cuts package that President Donald Trump signed into law on July 4 is expected to leave 10 ...

The CBO is an independent, nonpartisan office that analyzes the budgetary impact of proposed legislation. It was created by Congress in 1974 and operates by rules and regulations set by the House ...