New legislation could push federal debt into dangerous territory—without an emergency requiring it.

The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.

The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

When it came to absolute returns, the 10 largest active bond funds and all but one of the 10 largest passive funds were in positive territory during the quarter, as most bond fund categories posted ...

O N JULY 3RD Congress gave Donald Trump the Independence Day present he wanted: with a vote of 218–214, House Republicans ...

Stocks soared back to life after April’s tariff selloff, while bonds remained in the green despite renewed volatility.

The Senate bill includes $4.5 trillion of net tax cuts, $1.4 trillion of gross spending cuts, and $0.3 trillion of gross ...

The national debt already exceeds $36 trillion and is growing at historic rates. That has cascading consequences for the ...

And yet, the federal deficit and primary deficit were 6.4% and 3.3% of GDP, respectively, in fiscal year 2024 – far above what can be justified with the economy near full employment.

PBO Yves Giroux also said the average Canadian family will save $280 on their taxes next year. (Credit: THE CANADIAN PRESS/Adrian Wyld) The Parliamentary Budget Officer estimates the federal deficit ...

Federal deficit balloons to $61.9B as government tables economic update on chaotic day in Ottawa Liberal platform promises $130B in new measures over 4 years, adding $225B to federal debt ...

The Parliamentary Budget Officer estimates the federal deficit will hit $46 billion in the 2024-2025 fiscal year because of better-than-expected revenues. The PBO expects the deficit to be $4.3 ...