The House Budget Committee had a fairly simple question for the Congressional Budget Office (CBO): If the United States immediately opened most federal areas to oil and natural gas development, how much revenue would the federal government realize in various fees and royalties?
Opening all Federal lands to oil and gas leasing has long been a point of political contention. The non-partisan Congressional Budget Office put out a report, at the request of Chairman of the House Budget Committee Paul Ryan, that ... Read Post
The federal budget deficit has fallen $220 billion in a year-over-year period, according to the latest monthly budget estimate from the Congressional Budget Office released Friday. According to the CBO, the federal government has ru... Read Post