CBO: US Federal deficits and debt to worsen over next decade
‘One Big Beautiful Bill Act’, higher tariffs and immigration crackdown are factored into the report.

‘One Big Beautiful Bill Act’, higher tariffs and immigration crackdown are factored into the report.



![France's President Emmanuel Macron attends the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland on Jan. 20, 2026. [Denis Balibouse/Reuters]](/wp-content/uploads/2026/01/image-1768934968.jpg?resize=770%2C513&quality=80)
![President of the European Commission Ursula von der Leyen talks during the Annual Meeting of the World Economic Forum in Davos, Switzerland on Jan. 20, 2026. [Markus Schreiber/AP]](/wp-content/uploads/2026/01/image-1768926469.jpg?resize=770%2C513&quality=80)

![Canadian Prime Minister Mark Carney meets with President of China Xi Jinping at the Great Hall of the People in Beijing, China on Jan. 16, 2026. [Sean Kilpatrick/Reuters]](/wp-content/uploads/2026/01/image-1768584774.jpg?resize=770%2C513&quality=80)



The FIFA World Cup 2026 draw takes place Friday in Washington, DC, where the trophy has been on display.
UK chancellor announces 26.1bn pounds ($34.4bn) in tax hikes amid furore over embarrassing leak of forecast data.
Experts doubt the details of a reported exodus, but tensions are growing between business leaders and the government.
Trump’s administration is trying to defend his tariffs after lower courts ruled that he had exceeded his authority.

Briahna Joy Gray tells Marc Lamont Hill why New York mayoral candidate Mamdani is ‘too good’ for the Democratic Party.

US President Donald Trump and Chinese President Xi Jinping sat down face-to-face in South Korea, for trade war talks.
A 90-day pause in rise in US tariffs on Mexico from 25 to 30 percent was set to expire at the end of October.

Canadian PM Mark Carney says Ottawa “can’t control” US trade policy but will “stand ready” to resume talks.
Sanitary pads in Pakistan carry up to 40 percent taxes. That amounts to punishing women, say critics – for being women.
It is not clear if countries under trade agreements with the US would also be subjected to this new tariff.