WASHINGTON, Feb. 9 -- Senate Judiciary Committee Ranking Member, Chuck Grassley, issued the following news release:
Q: What's the 10-year forecast for the federal budget and its impact on the economy?
A: According to projections released in February by the nonpartisan Congressional Budget Office (CBO), dark clouds loom on the federal government's fiscal horizon. The CBO crunches numbers for a 10-year window to inform Congress and the White House about revenue and spending projections. After years of reckless, post-pandemic spending pushed by the Biden administration, this gloomy fiscal report card should come as no surprise. Once again, CBO's estimates project red ink as far as the eye can see. As CBO keeps score on the widening gap betwe...