Outlook for the Budget and the Economy
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CBO Releases Its Annual Summer Update of the Budget and Economic Outlook
CBO estimates, in its annual summer update of the budget and economic outlook, that the federal budget deficit for 2010 will exceed $1.3 trillion—$71 billion below last year’s total and $27 billion lower than the amount that CBO projected in March 2010
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Federal Debt and the Risk of a Financial Crisis
CBO notes that there is no identifiable "tipping point" of debt relative to the nation’s output that would indicate that a fiscal crisis is likely or imminent. However, the ratio of federal debt to GDP is climbing into unfamiliar territory.
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Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output
Under the American Recovery and Reinvestment Act of 2009 (ARRA), also known as the economic stimulus package, certain recipients of funds appropriated in ARRA (most grant and loan recipients, contractors, and subcontractors) are required to report the number of jobs they created or retained with
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Cost Estimate for the American Jobs and Closing Tax Loopholes Act
CBO and the staff of the Joint Committee on Taxation (JCT) have prepared an estimate of the budgetary effects of H.R.
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Presentation to the American Association for the Advancement of Science
Last week I spoke at the 35th annual Forum on Science and Technology Policy held by the American Association for the Advancement of Science.
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Discretionary Spending in the Final Health Care Legislation
Today CBO provided some additional information about the potential effects of H.R.
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U.S. Fiscal Policy
This afternoon I participated in a panel discussion about “Fiscal Strategies after the Global Crisis” at the International Monetary Fund. My short presentation focused on some familiar themes:
- Blog Post
CBO's Cost Estimate for the Restoring American Financial Stability Act of 2010
Yesterday CBO released a cost estimate for S. 3217, the Restoring American Financial Stability Act of 2010, as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 22, 2010. S.
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Cost Estimate for Pending Health Care Legislation
Last night CBO released a cost estimate for the reconciliation proposal that represents one component of the health care legislation being considered by the Congress. The other component is a bill, H.R.
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Preliminary Cost Estimate for Pending Health Care Legislation
The Congress is considering the pending health care legislation in two components: One is a bill (H.R. 3590) that the Senate passed in December; the other is a reconciliation bill that would modify the Senate-passed bill in a number of ways.