When Republicans decided not to retain Doug Elmendorf as head of the Congressional Budget Office (CBO), Democrats became concerned that conservatives would try to rig the budget proces
Chris Jacobs: When it came to insurance subsidies, the Congressional Budget Office undertook no textual analysis of the statutory provisions at dispute in King v. Burwell. But the Joint Tax Committee did.
Republican lawmakers on Friday appointed a former White House economist with a conservative pedigree to head Congress’s traditionally nonpartisan research body for budget policy. Keith Hall, who served as chief economist on former President George W. Bush’s Council of Economic Advisers,...
Senate Budget Committee Chairman Mike Enzi (R-WY) and House Budget Committee Chairman (R-GA) jointly named Dr. Keith Hall the new Director of the Congressional Budget Office, succeeding the outgoing director, Dr. Douglas Elmendorf. Dr. Show More Summary
We warned you it was coming! Expect all kinds of crazy budget analysis in the next two years -- and remember, elections have consequences: Republicans on Friday named Keith Hall head of the Congressional Budget Office, installing a conservative...Show More Summary
Wall Street Journal, GOP Leaders Name Keith Hall as CBO Director: Congressional Republican leaders named Keith Hall to a four-year term as the next director of the Congressional Budget Office, the influential nonpartisan budget scorekeeper for Congress. Mr. Hall, a former White House economist who served as commissioner of the...
This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major legislation. Show More Summary
Congressional Republican leaders named Keith Hall on Friday as the next director of the Congressional Budget Office, an influential nonpartisan budget scorekeeper.
The current director of the Congressional Budget Office, Doug Elmendorf, is pretty widely respected on both left and right, and even a lot of Republicans were hoping he'd be reappointed to a new term by the incoming Congress. But despite...Show More Summary
The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major legislation. Here are three things you should know as we await the first official dynamic score. 1. Spending and regulations matter, not just taxes […]
The CBO has been providing nonpartisan budgetary and economic analyses for four decades. Whether that continues depends upon the willingness of leaders in Congress believe in the worth of serious analysis (see here for doubts). For now, we look back and (hopefully) forward, at events today. Yesterday, a forum at the Brookings Institution presented some […]
The House vote to require the Congressional Budget Office and the congressional Joint Committee on Taxation to include macroeconomic effects in some official budget scores is enormously controversial in the policy world and among economists. Show More Summary
There's a more than $500 billion difference of opinion between the Social Security Trustees and the Congressional Budget Office when it comes to predicting Social Security's future.
Co-authored by Tara O'Neill Seemingly forever, a debate has raged about Medicare reform; not just how to do it, but whether Medicare needs reforming at all. That debate should end. The latest Congressional Budget Office report indicates...Show More Summary
Nicole Kaeding One of the largest and fastest growing items in President Obama’s new budget is often overlooked. Net interest expenses will skyrocket over the next decade, growing by 250 percent. The Congressional Budget Office (CBO) continues to warn about the rising burden of federal interest payments. Show More Summary
Projects the unemployment rate “will fall a little further," but hello deficit.
The White House, Congressional Budget Office and Federal Reserve unanimously see the nation on the cusp of the best years for the economy in a decade or more.
Policy Issues David Rogers reported yesterday at Politico that, “Falling crop prices are raising cost projections for new farm programs even before producers have signed up this spring. “The Congressional Budget Office weighed in this week with a revised baseline that shows annual payments to farmers could average $4.8 billion over the next decade — a nearly […]
Nice piece over at Reason. The core of the problem is clear: the growing cost of the entitlement state. As the Congressional Budget Office warned earlier this week, over the next decade, "spending will grow faster than the economy for...
The Congressional Budget Office (CBO) just released the 2015 version of its Budget and Economic Outlook. This year's edition contained no real budget surprises: the federal budget remains on an unsustainable course driven by rising spending...Show More Summary