The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate settling at 3.4% toward the end of聽President Donald Trump's term in office in 2028, according to the CBO.
January 9, 2026GovernmentBusiness
CBO: Shutdown Has Already Cost Economy $18 Billion
GDP is already poised to be at least one percentage point lower in the fourth quarter due to the government shutdown, according to the CBO report released Oct. 29.
October 29, 2025GovernmentBusiness
Trump Gets Tentative Win From CBO Tax and Tariff Estimates
The CBO handed Republicans a major political talking point, with projections showing the possibility for tariffs to bring in more federal revenue than would be lost by Trump's tax cut plan.
June 4, 2025GovernmentBusiness
CBO Trims GDP Forecast for 2020, Lifts 2021 Projection
The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.
July 2, 2020