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A DoE Budget Request Sheds Light on the Future of Advanced Manufacturing

The Department of Energy’s 2017 budget request was released back in February, and is now awaiting congressional approval. The request included $261 million for the Advanced Manufacturing Office (AMO), the part of DOE that focuses on energy use in the manufacturing sector. Show More Summary

Misunderstanding Obamacare and Work

Andrew Ross Sorkin writes in the New York Times: In 2014, the Congressional Budget Office released a report estimating that the Affordable Care Act would “reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024” — a seemingly disastrous outcome for the economy. Show More Summary

Inflation Adds $3.4Bln to Cost of Next Six US Nuclear Aircraft Carriers

The US Department of Defense has added $3.4 billion to the costs of its 30-year-long program to build six new super nuclear-powered Ford-class aircraft carriers, the Congressional Budget Office (CBO) noted in a report.

Annual Farm Subsidies to Reach 10-Year High

The Congressional Budget Office estimates that crop subsidies will surge to approximately $10.2 billion this year, almost $3 billion more than during the 2015-2016 fiscal year.

ICYMI: Projection On The Number Insured By Obamacare Was Off By 24 Million

So, the Congressional Budget Office had an update on the 2016 projections regarding Americans being insured by the Affordable Care Act. They were...

In CBO’s Projections, a Growing Reason to Worry About the Federal Debt

David Wessel: The latest Congressional Budget Office baseline projections suggest that, without new tax or spending legislation, interest will account for more than 13% of all federal outlays in 2026.

CBO Misses Its Obamacare Projection By 24 Million People

Submitted by Jeffrey Anderson WeeklyStandard.com, Three years ago, on the eve of Obamacare’s implementation, the Congressional Budget Office (CBO) projected that President Obama's centerpiece legislation would result in an average of 201 million people having private health insurance in any given month of 2016. Show More Summary

Report Offers a Mixed View of Health Care Law Costs

The Congressional Budget Office says the overall cost of insurance coverage will be higher than was predicted last year, but much lower than was expected in 2010.

The U.S. Tax and Transfer System is Very Progressive, New Paper Confirms

The Tax Foundation has highlighted in past blog posts how both Congressional Budget Office and Treasury data show that the current U.S. tax and transfer system is very progressive. In a new paper, Laurence Kotlikoff of Boston University...Show More Summary

Congressional Budget Office suggests a vehicle miles traveled 'charge'--but there's an easier way

In a presentation titled "Alternatives for Making Federal Highway Spending More Productive," a Congressional Budget economist proposes three approaches to improving methods for spending on highway infrastructure: To make federal highway spending more productive for the economy, policymakers could adopt different approaches to managing highways and determining how to allocate...

Obamacare's latest 'failure:' $1 trillion saved for Medicare

2 months agoUS Politics / Liberal : Daily Kos

That horribly failed program, Obamacare, has done it again. In the next five years or so, it's going to save the federal government more than $1 trillion on Medicare over what the Congressional Budget Office projected when the law was...Show More Summary

Budgeting for federal lending programs is still a mess

On Monday, the Government Accountability Office (GAO) defended the current method for budgeting for federal lending programs, known as “credit reform.” By endorsing the status quo, GAO puts itself at odds with the Congressional Budget Office (CBO), which has championed a “fair value” alternative. The details are wonky but the [...]

Show Me (More Than) the Money

American conservatives love to say that raising the minimum wage is a "job killer." They like to cite figures from the Congressional Budget Office that suggest the country would lose 500,000 jobs if the minimum wage was raised from $7.25 to $10.10 an hour. Never mind that the same CBO report estimates a full 16.5 million Americans would get a raise. Show More Summary

The State of Medicaid Spending Is Strong

Medicaid is a growing program in our federal budget. According to the Congressional Budget Office, as of January, Medicaid was projected to spend $381 billion in 2016. That’s up more than a $100 billion since 2010. In January, CBO also projected that Medicaid spending would reach at least $642 billion in 2026. Show More Summary

New CBO Estimates Confirm: Social Security Benefits Are Modest

Social Security benefits replace only about 40 percent of an average retiree's recent earnings, new Congressional Budget Office (CBO) estimates show. The actuaries at the Social Security Administration (SSA) find a similar result using a different technique. Show More Summary

Daily News Brief, February 17, 2016

Congressional Budget Office: Turn to Tolls, Mileage Fees. Golden Gate Pedestrians Hit by Blow Darts WA Governor Inslee: I-405 Toll Lanes Here to Stay Could I-405 Express Lanes Doom Governor Inslee? PA...

'Neutral' Federal Agency's Troubling Manipulation of Data Boosted GOP's Assault on Social Security

A disturbing pattern for supposedly non-partisan analysts. Yesterday the Congressional Budget Office (CBO) corrected an error that it made in projecting the share of earnings that will be replaced by Social Security for those nearing retirement. Show More Summary

Strike Three for the Congressional Budget Office? Social Security Retirement Income Projections

Yesterday the Congressional Budget Office (CBO) corrected an error that it made in projecting the share of earnings that will be replaced by Social Security for those nearing retirement. In a report published last fall, CBO projected...Show More Summary

More on the President's Budget

Before I dive into the president’s budget, I would like to give a little background. As you have heard many of us saying before, our debt is exploding. The Congressional Budget Office put out a report last week showing that federal debt held by the public will climb from $14 trillion this year to almost $24 trillion in fiscal year 2026. Show More Summary

Social Security Replacement Rates as Reported by the CBO

Brian Faler warned us a year ago: Republicans on Friday named Keith Hall head of the Congressional Budget Office, installing a conservative Bush administration economist atop an agency charged with determining how much lawmakers’ bills would cost. Show More Summary

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