An analysis of Donald Trump’s tax and spending act issued Monday by the nonpartisan Congressional Budget Office (CBO) confirms that the measure, signed into law last month, transfers trillions of ...

The CBO also estimated low-income Americans will lose about $1,200 per year due to Medicaid changes and reductions in food assistance.

Are 5 Million Nondisabled Medicaid Recipients Watching TV All Day? That’s Unsupported “Almost 5 million able-bodied Medicaid ...

A new federal law may strip over 2 million Americans of their SNAP benefits monthly due to stricter work requirements, warns ...

Rapid run-up reflects emergency spending during the multi-year COVID-19 crisis, when the government borrowed heavily under ...

The Congressional Budget Office estimates that the poorest Americans could lose more income annually compared to rich people ...

We knew even before Monday’s CBO report that Trump’s bill would redistribute wealth from those who have the least to those who have the most.

President Donald Trump’s tax and spending law will result in less income for the poorest Americans while sending money to the ...

The CBO reports recent laws cut Medicaid and SNAP for low-income families while giving tax breaks to the wealthy, widening ...

Using the CBO score, the Committee for a Responsible Federal Budget projects that the policies in the bill will also add $4.1 trillion to the national debt over the same time period, when ...

White House adviser Kevin Hassett downplayed concerns about Medicaid cut projections, saying 5 million people at risk of losing coverage under the “Big Beautiful Bill” already have other ...

The CBO estimates the Senate bill would increase the deficit by nearly $3.3 trillion from 2025 to 2034, a nearly $1 trillion increase over the House-passed bill, which CBO has projected would add ...