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Trump Decrees That the Economy Must Grow Twice as Fast

The Congressional Budget Office forecasts that the labor force will grow 0.5 percent annually over the next ten years and productivity will grow 1.4 percent. That's total economic growth of 1.9 percent per year. But the Trumpists are forecasting 3.5 percent growth over the next decade. Show More Summary

GOP must decide what to do with health law taxes

The Congressional Budget Office says the government would lose $1.1 trillion in revenue over 10 years if the law's taxes are eliminated. Continue reading ? The post GOP must decide what to do with health law taxes appeared first on PBS NewsHour.

The New 10-Year Forecast for the Public Debt

Every January, the Congressional Budget Office releases its Budget and Economic Forecast for the next 10 years, which in January 2017 covers the period from 2017 through 2027. The following chart shows what the CBO foresees for the portion of the U.S. government’s...

How Obamacare’s Repeal Affects LGBTs [VIDEO]

3 weeks agoLGBT / Gay : Joe. My. God.

Matt Baume writes in the Huffington Post: If the ACA is repealed, as Republicans are trying to do, not only would 32 million people lose health care, according to the Congressional Budget Office, but LGBTs would be disproportionately affected. Show More Summary

New CBO Numbers and the Simple Formula for Good Fiscal Policy, Part II

Based on new 10-year fiscal estimates from the Congressional Budget Office, I wrote yesterday that balancing the budget actually is very simple with a modest bit of spending restraint. If lawmakers simply limit annual spending increases to 1 percent annually, the budget is balanced by 2022. Show More Summary

Thomas Friedman Thinks the Congressional Budget Office is Overly Pessimistic In Its Deficit Projections

In his column today Thomas Friedman was reasonably arguing for stronger supports for workers who are transitioning between jobs. However the fundamental premise of his piece, that: "every worker today will most likely have to transition...Show More Summary

The CBO doesn’t deal in ‘alternative’ facts

The Hill reports: Federal deficits are expected to rise for the first time in nearly a decade, driving up the federal debt to almost unprecedented levels, according to an analysis from the nonpartisan Congressional Budget Office (CBO). While the federal deficit is projected to drop in 2017 and 2018, the CBO projects it will rise […]

New CBO Numbers and the Simple Formula for Good Fiscal Policy, Part I

The Congressional Budget Office, as part of The Budget and Economic Outlook: 2017 to 2027, has just released fiscal projections for the next 10 years. This happens twice every year. As part of this biannual exercise, I regularly (most recently here and here) dig through the data and highlight the most relevant numbers. Let’s repeat that process. Show More Summary

Donald Trump's Greatest Challenge (And Its Not Russia, China or ISIS): A Budget Disaster

Justin Bogie Economics, Can the Donald make the ultimate deal?  The Congressional Budget Office’s budget and economic outlook for the next decade paints a grim picture of the nation’s fiscal situation and shows we continue to be on an...Show More Summary

Trump’s HHS Pick Disregards Impact of Defunding Planned Parenthood

Rep. Tom Price (R-GA), who has voted to defund Planned Parenthood, denied the nonpartisan Congressional Budget Office's finding that almost 400,000 people could lose access to care if Planned Parenthood was defunded. The post Trump’s HHS Pick Disregards Impact of Defunding Planned Parenthood appeared first on Rewire.

Chart of the Day: Federal Debt at the Start of Trump Era

The Congressional Budget Office has published its latest forecast of deficits and debt over the next decade. Here it is: As the CBO notes, this steady rise in the debt is pretty much inevitable given an aging population and a Republican Congress unwilling to properly fund our spending commitments. Show More Summary

President Trump inherits stable economy, Congressional report says

The new estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady. Continue reading ? The post President Trump inherits stable economy, Congressional report says appeared first on PBS NewsHour.

Congressional Budget Office projects President Donald Trump to inherit stable economy, $559B budget deficit

WASHINGTON (AP) — Congressional Budget Office projects President Donald Trump to inherit stable economy, $559B budget deficit.

Federal Debt Projected to Grow by $8.6 Trillion Over Next Decade

Congressional Budget Office projections reveal the strain that the debt will have on the economy as President Trump embarks on plans to slash taxes and ramp up spending.

Importance of Low Dose Radiation Science Axed By DOE Managers

Almost immediately after it became apparent to budget decision makers in the Office of Science that there was no longer a Congressional protector for the LDRRP, they determined they had better uses for the $20-$25 million/year being invested in the program.

Government Printing Office in Washington, D.C.

The Government Printing Office is perhaps the largest publisher of reading materials that nobody is ever likely to read, featuring arcane tomes like the Congressional Record and hardcopies of the 2,000-page Federal Budget. The hardcopy...Show More Summary

The Congressional Budget Office on Repealing and Replacing Obamacare

Avik Roy and Charles Blahous both write about the CBO’s new report on the effects of the partial repeal of Obamacare that Republicans are contemplating. Both of them point out that CBO may well be overestimating how effective Obamacare’s...Show More Summary

Report: Repealing Obamacare without replacement would hike premiums 20%, leave 18 million uninsured

Repealing Obamacare without a replacement would result in higher costs for consumers and fewer people with insurance coverage, according to a report Tuesday from the nonpartisan Congressional Budget Office. In the first year, insurance premiums would jump by 20% to 25% for individual policies purchased...

18 Million People Could Lose Insurance In First Year After Partial Obamacare Repeal

last monthNews : The Two-Way

The non-partisan Congressional Budget Office found that, without the federal mandate and subsidies, the number of people who will lose their health insurance could grow to 32 million over 10 years.

Top Health Official Predicts GOP Will Cave On Obamacare Repeal

last monthNews : Huffington Post

WASHINGTON ? President Barack Obama ’s top health official predicted Tuesday that Republicans will back off from repealing the Affordable Care Act as more people realize what the consequences would be. The Congressional Budget Office became the latest independent entity to spell out those consequences in a report issued Tuesday. Show More Summary

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