The deal announced on Tuesday between President Obama and congressional leaders will, if approved, keep the government open for the remainder of his term in office and offer modest budget increases in both military and domestic spending. Show More Summary
Highway funding: Four more days… plus three weeks? To recap: Highway funding expires on Thursday. The Congressional Budget Office estimates Congress will have to find an additional $100 billion, beyond projected gas tax revenue, to fund a six-year bill. Show More Summary
The White House last night issued a veto threat of a bill that would eliminate a number of provisions of the Affordable Care Act (ACA). The cost estimate for the bill, written by the Congressional Budget Office (CBO), has a good description...Show More Summary
The Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) together worked on a cost estimate released this week for H.R. 3762, a bill that would repeal many provisions of the Affordable Care Act (ACA). It wouldShow More Summary
For the second year in a row, the Department of Health and Human Services (HHS) estimates that enrollment in the health insurance exchanges will come in far below earlier projections from the Congressional Budget Office (CBO). According...Show More Summary
The statutory cap on the government's so-called debt limit needs to be raised by early November, the Congressional Budget Office said Wednesday, confirming a recent warning from the administration.
Note: Fiscal 2015 ended on September 30, 2015.From CBO: Monthly Budget Review for September 2015The federal government ran a budget deficit of $435 billion fiscal year 2015, the Congressional Budget Office estimates—$48 billion less than the shortfall recorded in fiscal year 2014, and the smallest deficit recorded since 2007. Show More Summary
The U.S. budget deficit for the fiscal year 2015, which ended in on September 30, was $435 billion, according to the Congressional Budget Office. The 2015 deficit was lower than the $483 deficit in 2014, and much lower than the trillion dollar plus deficits of 2008-2012. The deficit has declined [...]
Over at the Associated Press, Andrew Taylor, contrary to the wire service's usual practice, referenced a pre-official Congressional Budget Office report to tout the federal government's "improved" budget deficit. The CBO estimates that...Show More Summary
The improved deficit figures come as Washington is grappling with the need to increase the government's borrowing cap in early November and as the White House and lawmakers on Capitol Hill are seeking a separate agreement on a budget to keep the government open past a Dec. 11 deadline.
WASHINGTON (AP) — Congressional Budget Office: US budget deficit drops to $435 billion.
Lifting the ban on U.S. crude exports could push the price of domestic oil up roughly $2.50 a barrel in the coming decade, a report from the Congressional Budget Office said on Wednesday.
Obamacare hasn't covered 16.4 million people in the past five years, the Obama administration now says. It's covered 17.6 million, beating expectations and Congressional Budget Office projections. The revised total includes 15.3 million people who gained coverage through the individual marketplace or through Medicaid. Show More Summary
Even the Republicans' new and "improved" version of the Congressional Budget Office that now cooks the books in favor of GOP policies will not tell Republicans that their plan to defund Planned Parenthood will have serious consequences,...Show More Summary
GOP leaders tried to choose a Congressional Budget Office chief who'd tell them exactly what they wanted to hear. It's not going well.
More good news... the budget deficit in fiscal 2015 will probably decline more than 10% compared to fiscal 2014.From the Congressional Budget Office (CBO) today: Monthly Budget Review for August 2015The federal government’s budget deficit amounted to $528 billion for the first 11 months of fiscal year 2015, the Congressional Budget Office estimates. Show More Summary
The other day, I wrote about new Congressional Budget Office estimates that individual income tax revenues are likely to grow significantly over the next decade. A new paper by my Tax Policy Center colleagues Jim Nunns and Jeff Rohaly shows the importance of this trend through the rest of the [...]
Unveiling the Congressional Budget Office's latest long-term forecast this week, new CBO Director Keith Hall made an unremarkable statement. "The evidence," Hall explained, "is that tax cuts do not pay for themselves." For the overwhelming majority of economists, or just about anyone familiar with the U.S. Show More Summary
In its semi-annual fiscal update, released this week, the Congressional Budget Office projects that federal revenues will remain flat over the next decade, while spending—mostly for health care and Social Security—will rise. The result: Budget deficits, which have been declining in recent years as the economy has grown, will once [...]
After winning control of the Senate last year, congressional Republicans moved to put a conservative stamp on the Congressional Budget Office, whose reports had become a source of significant aggravation. Time after time, the agenc...