AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
Jun 05 2012
News
CBO: Federal debt to double in 15 years
The federal government is staring at a disastrous fiscal picture with debt approaching 200 percent of GDP within two decades if Congress doesnt change course on spending and taxes, according to the latest analysis by the Congressional Budget Office released Tuesday.
The CBO said its the worst picture since a brief period during World War II when spending ballooned to fund the military
Washington TimesJul 10 2012
News
CBO: The rich pay an outsized share of taxes
Wealthy Americans earn about 50 percent of all income but pay nearly 70 percent of the federal tax burden, according to the latest analysis Tuesday by the Congressional Budget Office  though the agency said the very richest have seen their share of taxes fall the past few years.
CBO looked at 2007 through 2009  the latest years data are available, but enough to include
Washington TimesJun 06 2012
News
CBO: Federal debt to double in 15 years
Federal debt will double by the middle of the next decade and reach more than twice the size of the entire U.S. economy by 2037 unless Congress changes course on taxes and spending, the Congressional Budget Office said in its latest analysis Tuesday.
Washington TimesFeb 01 2021
News
GDP set for strongest growth in 17 years in 2021: CBO
The economy will grow in 2021 at its fastest rate in 17 years as vaccines are administered across the country and life returns to normal, the Congressional Budget Office projected Monday.
The CBO expects that the U.S. gross domestic product will continue to expand "rapidly over the coming year, reaching its previous peak in mid-2021 and surpassing its potential level in early 2025,"
Washington ExaminerJul 13 2017
News
CBO: Trump's budget doesn't balance federal ledger
A new government analysis of President Donald Trump's budget plan says it wouldn't come close to balancing the federal ledger like the White House has promised.
ABC News (Online)Jan 24 2021
Fact Check
Paul Distorts CBO’s Estimate on Impact of $15 Minimum Wage
Raising the federal minimum wage to $15 an hour would cause 1.3 million workers to become jobless in an average week in 2025, according to the Congressional Budget Office’s median estimate.
Republican Sen. Rand Paul’s claim that the government estimates the pay increase would lead to unemployment for “close to” or “almost 4 million people” refers to the high end of CBO’s range of
FactCheck.orgSep 26 2022
News
Biden’s Student Debt Forgiveness Plan Will Cost $400 Billion, CBO Finds
President Joe Biden’s plan to forgive student loan debt for many borrowers will cost roughly $400 billion, according to a Congressional Budget Office estimate released on Monday, rekindling a debate over the cost of student debt forgiveness and whether the plan will accelerate inflation.
The CBO estimates Biden's student loan debt forgiveness program will cost $400 billion.
The
ForbesSep 03 2020
News
Social Security trust fund to run out by 2031: CBO
The Social Security Old Age and Survivors Insurance fund, which pays out retirement benefits, is on track to run out in 2031 as the economic fallout from the COVID-19 pandemic takes its toll, according to a Wednesday report by the Congressional Budget Office.
Without congressional action to address the shortfalls, the depletion of the fund would lead to benefit cuts for retirees.
The HillJan 27 2015
News
The CBO's Good News, Bad News Economic Report
The federal deficit is on track to its lowest level as a percentage of the economy since 2007, and the economy is stronger than expected.
That's the good news from the nonpartisan Congressional Budget Office's new economic outlook released Monday. "Economic activity will expand at a solid pace in 2015 and over the next few years — reducing the amount of underused resources, or 'slack,'
NPR (Online News)