Tag: Congressional Budget Office

• Wednesday, January 29th 2020 - 08:10 UTC

  Solid growth of US economy this year, but with increasing federal budgets

  

  The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting US$1.015 trillion.

• Tuesday, April 10th 2018 - 08:38 UTC

  US budget deficit expected to balloon to US$ 1.5 trillion over the next decade

  

  With the passage of deep tax cuts late last year, annual United States budget deficits are expected to balloon over the next decade, the nonpartisan Congressional Budget Office said on Monday.

• Thursday, May 13th 2010 - 10:31 UTC

  Federal Budget April Revenue Falls 7.9% with Deficit Reaching 82.7 Billion

  

  The US reported its largest April budget deficit on record, 82.7 billion USD as receipts declined in a month that typically sees an increase in individual income tax payments, according to the latest release from the Treasury Department.