Trump, Congressional Budget Office
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A small government office with some 275 employees has found itself caught in the political crossfire as Congress debates President Donald Trump’s “one big beautiful bill.”
The supposedly “nonpartisan” Congressional Budget Office (CBO), which provides Congress with cost estimates for its policy proposals, may not be
The estimate from the nonpartisan Congressional Budget Office is all but certain to inflame an already intense debate inside the G.O.P. about the fiscal consequences of its bill to enact President Trump’s agenda.
WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.
On Tuesday, Musk slammed the GOP’s multitrillion-dollar budget package, which narrowly passed the House and has moved to the Senate, as a “disgusting abomination,” calling it “massive, outrageous, pork-filled” bill on X. “Shame on those who voted for it: you know you did wrong. You know it,” he wrote in the post.
The Congressional Budget Office estimates the package would add $2.4 trillion to the national deficit over a decade and leave 10.9 million more Americans without health insurance.
New reports show New York faces multibillion-dollar budget cuts if the federal budget reconciliation bill passes in its current form. A nonpartisan Congressional Budget Office report found what is known as the “One Big Beautiful Bill Act” would cost the state government more than $15 billion annually and kick 1.
In an interview, Phill Swagel defended the CBO’s forecasting record as Republicans blast the fiscal scorekeeping agency’s assessment of their tax-and-spending megabill.