The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.

As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the Congressional Budget Office provided a dour forecast.

The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said Friday, days before President-elect Donald Trump takes office.

After two days at the House Republican winter retreat, Rep. Marjorie Taylor Greene expressed frustration over a lack of progress on budget reconciliation.

This week, the Congressional Budget Office once again reduced its population projections for the U.S. for 2025-2055. Last year, in its 30-year forecast,

Recent federal budget proposals would shift significant costs, explicitly or implicitly, to states and localities by targeting health care, education, and food assistance.

released the following statement on the new projections from the Congressional Budget Office (CBO): Over the next decade, mandatory spending on Social Security and Medicare and paying interest on ...

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.

The pause takes effect at 5 p.m., and agencies have been instructed to provide OMB “detailed information” on affected programs by Feb. 10. The states’ lawsuit — which will also be joined by the attorneys general of at least three other states — will request an immediate court order to block OMB’s freeze.

As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.

The Office of Management and Budget rescinded a memorandum halting nearly all federal financial assistance just one day after issuing it.