U.S. Congressional Budget Office
Recent News About U.S. Congressional Budget Office
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CBO announces $420 billion for loan forgiveness, supported by Kelly, that WSJ calls 'an unprecedented act of peacetime fiscal recklessness'
The Congressional Budget Office, a nonpartisan group, has estimated that federal government will spend $420 billion on the student loan forgiveness plan authorized by President Joe Biden and supported by U.S. Sen. Mark Kelly (D-AZ).
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JPMorgan economists: Inflation Reduction Act, supported by Kelly, will have 'almost no effect' on price growth
The Democrats' $750 billion climate and health care bill, titled the "Inflation Reduction Act of 2022," was recently signed into law by President Joe Biden. However, contrary to what the bill's name implies, budget experts and JPMorgan economists have stated the legislation will have little near-term effect on economic woes.