AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
May 15 2013
The federal budget deficit will plummet to $642 billion this year, congressional budget analysts said Tuesday, reducing their previous forecast by roughly $200 billion. The Congressional Budget Office credited recovering tax revenues and a one-time infusion of cash from mortgage giants Fannie Mae and Freddie Mac for the dramatic reduction, which puts the nation on track for its smallestWashington Post
Jun 13 2012
A recent poll found that a shocking 51 percent of Americans believe the U.S. government will go bankrupt, and a new congressional report appears to corroborate those fears.CBN
Mar 14 2017
The Congressional Budget Office released their findings on the Republican proposed AHCA. The CBO is a nonpartisan committee that was tasked with evaluating the outcomes of the plan.Washington Post USA TODAY Washington Times
Feb 01 2021
The Congressional Budget Office said it sees the U.S. economy recovering from the coronavirus pandemic much faster than previously expected -- an upgrade that potentially complicates prospects for President Joe Biden’s $1.9 trillion relief plan.
The CBO, a nonpartisan arm of the legislature, forecasts gross domestic product will increase 1.7% annually from 2020-2024, according to itsBloomberg
Jun 26 2018
Rising interest rates will put increasing pressure on government finances and push interest payments to record levels in the coming decades, the Congressional Budget Office said Tuesday.Wall Street Journal (News)
Mar 14 2017
So, was the Congressional Budget Office really “way, way off … in every aspect” of how it predicted that Obamacare would work, as the White House claims? No, it wasn’t.
The CBO actually nailed the overall impact of the law on the uninsured pretty closely. It predicted a big drop in the percentage of people under age 65 who would lack insurance, and that turned out to be the case. CBOUSA TODAY
Jul 13 2017
President Trump’s budget doesn’t solve the deficit, though it makes a significant dent, the Congressional Budget Office said in a new report Thursday, saying that his deep spending cuts on everything from health care to education would save an additional $3.3 trillion over the next 10 years.Washington Times
Sep 21 2020
The coronavirus pandemic and federal efforts to provide relief will significantly add to the federal debt in the years ahead, the Congressional Budget Office projected Monday.
By the end of 2020, the federal debt held by the public is projected to be equal to 98% of gross domestic product, up from 79% in 2019.
As deficits continue to rise next year, the debt is expected to reachWashington Examiner
Jul 02 2017
Health and Human Services Secretary Tom Price said his administration doesn't have great faith in the Congressional Budget Office estimates of people who would no longer have health insurance under the Senate GOP's healthcare bill.Washington Examiner
Nov 19 2021
For months, the White House has been promising that President Joe Biden's massive social spending package would be fully paid for—that is, that tax increases and other revenue-generating aspects of the "Build Back Better" plan would fully offset the nearly $1.7 trillion in proposed new spending.
We now know that's not true.
Biden's plan will add $367 billion to the budget deficitReason