As part of ongoing efforts to protect the United States and its allies from attack by ballistic missiles, the U.S. Missile Defense Agency (MDA) is working to deploy a missile defense system in Europe to "defend allies and deployed forces in Europe from limited Iranian long-range threats and expand protection of [the] U.S. homeland. As proposed, the system would be in the field by 2013 and would include interceptor missiles in silos to be built in Poland, a tracking radar in the Czech Republic, and another radar at an unspecified location near Iran.
February 2009
Yesterday, CBO released acost estimate ofH.R. 1106, the Helping Families Save Their Homes Act, as introduced on February 23, 2008. CBO estimates that enacting H.R. 1106 would increase direct spending by about $8 billion over the 2009-2014 period, and would reduce direct spending by about $15 billion over the 2009-2019 period. Enacting H.R 1106 would increase revenues by $19 million over the 2009-2014 period and by $23 million over the 2009-2019 period.
The Helping Families Save Their Homes Act would:
This morning Itestified before the Senate Finance Committee on CBO's two major health reports, Key Issues in Analyzing Major Health Insurance Proposals, and Budget Options for Health Care.The first examines the principal elements of reform plans that would affect our estimates of the effect of such plans on federal costs, insurance coverage, and other outcomes.
Over the past week CBO has released a number of products related to the stimulus efforts in Congress. On Wednesday, CBO released aletteron the macroeconomic impacts of H.R. 1that included year-by-year analysis of the economic effects of the stimulus legislation. (This analysis was based on an average of the effects of two versions of H.R. 1-- as passed by the House and as passed by the Senate.
YesterdayI testified before the Senate Budget Committeeabout CBO's recent health volumes,Key Issues in Analyzing Major Health Insurance Proposals and Budget Options Volume 1: Health Care.
This evening, CBO released its Monthly Budget Review, reflecting an analysis of budget data through the end of January. CBO estimates that the Treasury Department will report a deficit of $563 billion for the first four months of fiscal year 2009, $474 billion higher than the deficit incurred through January 2008. This years deficit to date includes estimated outlays of $284 billion for the Troubled Asset Relief Program (TARP).
Ina letter sent today to Senators Grassley and Gregg, CBO analyzed the macroeconomic effects ofan initial Senateversion of thestimulus legislation (the Inouye-Baucus amendment in the nature of a substitute to H.R.1, which is the House stimulus bill). CBO estimates that the Senate legislation would raise outputby between 1.4 percent and 4.1 percent by the fourth quarter of 2009; by between 1.2 percent and 3.6 percent by the fourth quarter of 2010; and by between 0.4percent and 1.2 percent by the fourth quarter of 2011.
Today CBO released a cost estimatefora proposed Senate substitute amendment to H.R. 1, the American Recovery and Reinvestment Act of 2009,introduced by Senators Inouye and Baucus on January 31st.