Congressional Budget Office

One year after President Trump signed the One Big Beautiful Bill Act, Pennsylvania saw an 11% drop in SNAP enrollment, with 98,000 fewer participants due to new work requirements. The law includes Medicaid work requirements and tax cuts for billionaires, criticized by Rep. Brendan Boyle as disproportionately harming the poor and increasing the national deficit.

New Jersey is implementing a fee on companies with employees covered by Medicaid to help fund the program amid federal policy changes. Other states like California, Colorado, and Oregon are considering similar measures, citing fairness and rising Medicaid costs as key reasons. Business groups and some liberal organizations oppose the policy.

New Jersey is implementing a fee on companies whose workers use Medicaid, with other states like California considering similar measures. The policy aims to fund Medicaid as federal changes increase state costs and potentially reduce coverage. Companies will be charged based on the number of Medicaid beneficiaries among their employees.

New Jersey is implementing a fee on companies with employees covered by Medicaid to help fund the program amid federal policy changes. Other states like California, Colorado, Oregon, and Washington are considering similar measures, with California directing its administration to explore options for future employer charges.

The article examines the persistent rise of income inequality in the US, highlighting that Obama-era policies reduced the income share of the top 1% by over a fifth and increased the share for the poorest fifth to 7.9%. It questions whether the country has appetite for further redistribution despite these gains.

Elon Musk benefits from America's growing inequality. Obama's policies reduced income for the top 1% and increased it for the poorest fifth, but the article questions if there is appetite for further redistribution.

The U.S. job market is showing signs of improvement with an average of 114,000 jobs added monthly in 2024, a notable increase compared to 10,000 jobs monthly in 2025. The previous hiring slowdown was linked to immigration enforcement under President Trump and fluctuating tariff policies, but recent job gains span sectors like healthcare, hospitality, and construction.

The Senate Armed Services Committee approved changing the Pentagon's name to the Department of War, advancing a rebranding effort initiated by President Donald Trump. The House Armed Services Committee also supported the change, signaling a strong chance of the name becoming law despite criticism from some lawmakers.

The Penn Wharton Budget Model warns that U.S. debt exceeding 210% of GDP could trigger a crisis where even steep tax hikes cannot cover interest payments. Current debt is 100% of GDP, with projections reaching 175% by 2056, and healthcare cost growth could accelerate the threshold. A 15-percentage-point tax hike on labor income is proposed as a solution, but factors like higher interest rates and market instability could worsen risks.

House Republicans on the Armed Services Committee voted to codify President Trump's executive order renaming the Pentagon as the Department of War in the annual defense bill. The proposal faces Senate resistance but has been endorsed by Trump and Pentagon chief Pete Hegseth, while Democrats criticized it as wasteful and semantic nonsense.

The article argues that the US can control illegal immigration through enforcement, citing the Congressional Budget Office's assertion that a president willing to enforce laws could achieve this. It also references ending tax breaks for seniors as another point of discussion.

President Trump's immigration crackdown is causing a significant slowdown in U.S. population and job growth, with economists warning of long-term productivity declines. Federal Reserve analysis and a Congressional Budget Office projection highlight reduced labor force growth, while a Yale study estimates a potential 4.6 million fewer working-age people by 2033 due to immigration reductions.

Senate Democrats requested the Congressional Budget Office to estimate the costs of the Iran war, emphasizing the need for transparency and accurate legislative oversight. They highlighted discrepancies between administration estimates and independent analyses, asking for scenarios including prolonged conflict and troop deployment.

U.S. Senate Democrats requested the Congressional Budget Office to estimate the 'true costs' of the Iran war, emphasizing transparency and discrepancies between administration and independent cost projections. The letter, signed by multiple senators, asks for comprehensive budgetary assessments under various scenarios.

U.S. Senate Democrats requested the Congressional Budget Office to provide an official cost estimate for the Iran war, citing discrepancies between administration projections and independent analyses. The senators emphasized the need for transparency and accurate information to inform legislative oversight.

The Pentagon reported that Trump’s Iran war has cost $29 billion, prompting Senate Democrats to request the Congressional Budget Office (CBO) to verify the costs. The senators emphasized the need for transparency and accurate estimates, noting discrepancies between the administration’s figures and independent projections.

Senate Democrats requested the Congressional Budget Office to estimate the 'true costs' of the Iran war, citing discrepancies between administration figures and independent projections. They emphasized the need for transparency and comprehensive legislative oversight.

U.S. Senate Democrats requested the Congressional Budget Office to provide a comprehensive cost estimate for the Iran war, highlighting discrepancies between administration projections and independent analyses. They emphasized the need for transparency and accurate legislative oversight.

U.S. Senate Democrats requested the Congressional Budget Office (CBO) to provide an official cost estimate for the Iran war, citing discrepancies between the administration's $29 billion figure and higher projections from independent analysts. The senators emphasized the need for transparency and legislative oversight to ensure accurate public understanding of the conflict's financial impact.

U.S. Senate Democrats requested the Congressional Budget Office to provide a comprehensive cost estimate of the Iran war, emphasizing transparency and legislative oversight. The letter highlights discrepancies between administration estimates and independent projections, asking for scenarios including prolonged conflict and troop deployment.

U.S. Senate Democrats requested the Congressional Budget Office (CBO) to estimate the 'true costs' of the Iran war, citing discrepancies between administration projections and independent analyses. They emphasized the need for transparency and legislative oversight regarding the conflict's budgetary impact.

The proposed 'Golden Dome' missile defense program is estimated to cost $1.2 trillion over 20 years, far exceeding the initial price tag of $175 billion. The Congressional Budget Office analysis reveals a significant increase in costs. The program's estimated cost has raised concerns.

The Congressional Budget Office estimates the Golden Dome missile defense system will cost $1.2 trillion over 20 years. The acquisition costs for a national missile defense system total more than $1 trillion. The estimate was released in a 12-page report.

President Donald Trump's proposed 'Golden Dome' missile defense program is estimated to cost $1.2 trillion, far exceeding the initial estimate of $175 billion. The system aims to detect, intercept, and stop missiles at all stages of a potential attack. The Congressional Budget Office published a report with this new analysis.

The US national debt has surpassed its gross domestic product, with a debt-to-GDP ratio of over 100%, and is projected to continue rising to 120% by 2036. The Congressional Budget Office projects federal revenue will be 17-18% of GDP, while expenditures will be over 23% of GDP. This gap is expected to lead to an ever-rising debt-to-GDP ratio.

State officials are uncertain about enforcing Trump's Medicaid work requirements, with a deadline of January 1, 2027, and are taking various approaches, including using artificial intelligence. The new work rules require Medicaid beneficiaries to work or participate in qualifying activities for at least 80 hours each month. Federal guidance is not expected until June.

The Pentagon has requested congressional approval to permanently rename the Department of Defense to the Department of War, estimating the rebranding will cost $52 million. The cost is lower than the Congressional Budget Office's $125 million projection, and the change includes renaming the Secretary of Defense to Secretary of War. The proposal faces bipartisan criticism, with Democrats condemning the expense amid economic challenges, while some Republicans support the move.

The Pentagon has requested congressional approval to officially rename the Department of Defense to the Department of War, estimating implementation costs at $52 million. The proposal includes renaming the Secretary of Defense to Secretary of War and involves approximately 7,600 changes to federal law, with political support from some Republican allies and criticism from Democrats.

Despite Trump's tax cuts from 2024 legislation, most Americans still believe taxes are too high, with polls showing rising dissatisfaction. Inflation and economic stagnation exacerbate concerns, while debates over wealth inequality and corporate tax fairness persist.