Finance
- Report
Effects of Recapitalizing Fannie Mae and Freddie Mac Through Administrative Actions
CBO examines how recapitalizing Fannie Mae and Freddie Mac through administrative actions would affect such factors as CBO’s budget projections and cash flows between the two enterprises and their shareholders, including the Treasury.
- Working Paper
Federal Reinsurance for Terrorism Risk and Its Effects on the Budget: Working Paper 2020-04
This paper describes CBO’s methods for estimating the costs of the federal terrorism risk insurance program. It also discusses how estimates of the program’s budgetary effects would differ if they were produced using accrual-based measures rather than cash-based measures.
- Report
Reauthorizing Federal Highway Programs: Issues and Options
CBO discusses choices about revenues and spending that lawmakers face in addressing the shortfall in the Highway Trust Fund as well as options for subsidizing state and local governments’ financing of highway projects.
- Working Paper
Income-Driven Repayment Plans for Student Loans: Working Paper 2020-02
Learn how CBO projects the budgetary cost of student loans repaid through income-driven plans. This working paper provides information on the characteristics of borrowers in those plans and on the methods used to project borrowers’ earnings, repayment, and resulting forgiveness.
- Blog Post
CBO’s Current Projections of Output, Employment, and Interest Rates and a Preliminary Look at Federal Deficits for 2020 and 2021
CBO discusses its preliminary projections of key economic variables and its preliminary assessments of federal budget deficits and debt through 2021. The amounts include the effects of legislation enacted in response to the pandemic.
- Report
Estimates of the Cost of Federal Credit Programs in 2021
Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2021 would result in savings of $41.8 billion. But using fair-value estimates, CBO projects that they would have a lifetime cost of $46.8 billion.
- Report
Report on the Troubled Asset Relief Program—March 2020
Congress created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets. CBO estimates that the TARP’s net cost will be $31 billion—about what it reported last April and slightly less than OMB’s latest estimate.
- Report
Income-Driven Repayment Plans for Student Loans: Budgetary Costs and Policy Options
CBO examines how enrollment in income-driven plans has changed and how those plans will affect the federal budget. CBO projects the costs of two sets of options that would change the availability of such plans or change borrowers’ payments.
- Presentation
The Cost of Federal Student Loan and Repayment Programs
Presentation by Justin Humphrey, an analyst in CBO’s Budget Analysis Division, to the Postsecondary National Policy Institute.
- Presentation
A Presentation on Financial Regulation and the Federal Budget
Presentation by Michael Falkenheim, a senior adviser in CBO’s Financial Analysis Division, to the Mortgage Bankers of America.