Report: Congressional Budget Office Contradicts White House on IRS Expansion Bill

A Congressional Budget Office report found that the Internal Revenue Service will collect billions of dollars from auditing low- and middle-income Americans under the White House-backed “Inflation Reduction Act,” contradicting Biden administration claims, according to Republicans on the House Ways and Means Committee.

$100 trillion in new debt over next 30 years: CBO

The government has opened the spending spigot over the last year to deal with the coronavirus crisis — but the Congressional Budget Office says unless something changes, Uncle Sam’s freewheeling ways will last long after the pandemic is over.

Social Networks Ban NY Post Article Disclosing Hunter Biden Emails

Facebook and Twitter were widely criticized as it blocked users from sharing a New York Post article that published allegedly leaked Hunter Biden emails which disclosed a Ukrainian businessman encouraging him to use his influence while his father, Joe Biden, was the U.S. Vice President.

US deficit expected to reach nearly $4 Trillion

The US Congressional Budget Office (CBO) predicted on Friday that, as a result of the COVID-19 pandemic, America’s deficit will reach $3.7 trillion this year, Politico reports. The CBO also said that unemployment will rise to 16 percent in 2020, before going to down to 9.5 percent by the end of 2021.

Deficit surpasses $1 trillion: CBO

The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.

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