CBO Reports 119th Congress First Session Laws to Increase Deficit by $3.5 Trillion
β’ A Congressional Budget Office report released March 19, 2026, estimates laws from the 119th Congress's first session (Jan 2025-Jan 2026) will boost the 2025-2034 deficit by $3.5 trillion. β’ The net effect stems from $1.1 trillion reduced outlays and $4.6 trillion decreased revenues, excluding interest costs on added borrowing. β’ Findings highlight fiscal impacts of authorizing and appropriations legislation, informing ongoing budget debates.
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