CBO

CBO Says Debt Limit Change Probably Needed by August or September

CBO Says Debt Limit Change Probably Needed by August or September
CBO Says Debt Limit Change Probably Needed by August or September
March 26, 2025  |  Debt

The Congressional Budget Office (CBO) said Wednesday (March 26) that if the debt limit is not raised or suspended, the government’s ability to borrow will...

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CBO: US GDP Will Grow 12 Pct In 2020
CBO: US GDP Will Grow 12 Pct In 2020
July 02, 2020  |  Economy

For the Congressional Budget Office (CBO), the glass is half full. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Coronavirus’ Economic Impact Could Last 10 Years, Cost $8 Trillion
Coronavirus’ Economic Impact Could Last 10 Years, Cost $8 Trillion
June 01, 2020  |  Economy

The final financial toll of the coronavirus will likely be a reduction of $7.9 trillion to the U.S. gross domestic product (GDP) until 2030, the...

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Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
April 03, 2020  |  News

In today’s top news, Airbnb has lowered its internal valuation 16 percent as lockdowns continue to hammer business, and gig workers face uncertainty over how...

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CBO Expects GDP To Fall 7 Pct. In Q2
CBO Expects GDP To Fall 7 Pct. In Q2
April 02, 2020  |  Coronavirus

The Congressional Budget Office (CBO) is anticipating a grim second quarter this year as the economy sputters amid coronavirus-related layoffs and business closures, CBO director...

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Gov’t Shutdown Costs Creep To $11B
Gov’t Shutdown Costs Creep To $11B
January 29, 2019  |  Economy

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product — and will impact the United...

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