Washington — The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget Office estimated Wednesday. "The Congressional Budget ...

The CBO warned the U.S. could run out of money to pay its bills by late summer. The Congressional Budget Office warned on Wednesday that the government could run out of money to pay its bills as ...

The federal government could default on its debt as soon as August without action from Congress, the Congressional Budget Office (CBO) estimated on Wednesday. In the latest projection, the ...

At its current rate of borrowing, the country’s debt as a share of the economy will reach 118% in 2035, the Congressional Budget Office said on Thursday. By Tony Romm As President Trump and his ...

Now, it's interesting, Amna. Today, the Congressional Budget Office came out and said the kinds of tax cuts that this allows, it could add an additional $6 trillion to the deficit, depending on ...