congressional budget office

Could Congress Eliminate the Federal Budget Deficit?

The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that's unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn't be nearly as hard as it might at first appear.

Stimulus Helped the Economy, but It Won't Matter in November

Economists say the Obama administration's stimulus program actually saved the country's economy from plunging into the Great Depression 2.0. Yet that news will likely fail to sway voters who believe the current administration didn't do enough to support the economy.

Will Federal Health Care Costs Cripple Deficit-Cutting?

By some calculations, the Obama plan will help trim future budget gaps, but by others it'll only make things worse. The problem is, at this point no one knows for sure, and that makes sensible spending choices even harder to make now.