The Congressional Budget Office predicts a negative evaluation of the US revenues in the coming 10 years. The analysts noted, that despite the current growth of the country’s revenues, the problem of a huge public debt still cannot be solved, that can generate a twofold deficit of the state budget by 2025. Government revenue will continue to increase, and will reach $5 trillion by 2025, which... 

The Congressional Budget Office (CBO) says President Barack Obama’s plans for the US nuclear weapons complex will cost the country about $355 billion over the next decade. In a report on Friday, the CBO said the plans included the modernization of nuclear weapons, their delivery systems, and nuclear weapons production laboratories. According to the report, the cost is nearly $150 billion more than... 

The Congressional Budget Office (CBO) forecasts the U.S. budget deficit will hit $1.3 trillion this year. An astronomical figure, to be sure, but that’s lower than was projected in March. It’s also less than last year’s record $1.41 trillion deficit, which was close to 10% of GDP. And, that’s the good news. As the deficit grows so does the national debt, which is currently more than...