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...
The new Republican-appointed director of the Congressional Budget Office delivered some bad news on Tuesday to the party’s “Reaganomics” devotees: Tax cuts don’t pay for themselves through turbocharged economic growth. Keith Hall, who served as an economic adviser to former...
Today, the Congressional Budget Office released its semiannual Budget and Economic Outlook report, which forecasts the federal budget deficit over the next ten years, as well as several other economic indicators. An important part of...Show More Summary
The United States is set to exceed its $18.1 trillion debt limit by mid-November or early December, the Congressional Budget Office (CBO) said in a report on Tuesday.
By David Lawder WASHINGTON (Reuters) - The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, adding that the government may be able to pay its bills without a debt limit hike through early December. Show More Summary
Sen. Bernie Sanders (I-VT) just gave Democratic Leader Harry Reid an extremely useful gift: he asked the Congressional Budget Office to estimate the effects of ending the sequester—the automatic budget caps imposed by the 2011 Budget Control Act. Show More Summary
I never watched That ’70s Show, but according to Wikipedia, the comedy program “addressed social issues of the 1970s.” Assuming that’s true, they need a sequel that addresses economic issues of the 1970s. And the star of the programShow More Summary
More news from Barack Obama’s horrific fiscal stewardship: The budget deficit for 2015 is expected to drop to roughly $425 billion, according to a report released Friday by the nonpartisan Congressional Budget Office (CBO). That’s down from the $486 billion the CBO projected in March. If it drops to $425 billion by the end […]
Goldman Sachs thinks that the federal budget deficit this fiscal year will be the lowest it's been since the start of the financial crisis. The Congressional Budget Office's most recent estimate from March puts the deficit for the year...Show More Summary