``The Congressional Budget Office said on Wednesday that the United States is expected to bump up against its borrowing limit a month earlier than previously expected, a function of last year's $1.5 trillion tax cut, which is resulting...Show More Summary
That the debt ceiling needs to be raised beyond its current level of $20.5 trillion isn't news; that it needs to be done by the first half of March is. The Congressional Budget Office on Wednesday drew the line in the sand there thanks to the new tax law,...
The Congressional Budget Office said on Wednesday that the debt limit will be hit a month earlier than it previously expected.
The Congressional Budget Office estimated that the deadline for Congress to raise the debt ceiling is now in early March instead of early April. The deadline is pushed up because of changes to tax receipts from the GOP tax law. ThatShow More Summary
JUST IN: Congressional Budget Office has issued a report advising Congress to consider raising the debt ceiling earlier than anticipated to account for the revenue loss brought upon by the GOP tax legislation. — NBC Politics (@NBCPolitics) January 31, 2018 What could I possibly add to that? And in other news, a metaphor: A train […]
In order to ram through its Neutrality-killing bill, the FCC had to break all the rules: ignoring expert testimony, inventing an imaginary alternate internet where Neutrality didn't matter, pretending millions of obviously fake comments...Show More Summary
Extending a program that provides health insurance to nearly 9 million children could save the government $6 billion over the next 10 years, according to a new estimate by the nonpartisan Congressional Budget Office. Funding for the Children’s Health Insurance Program is on the brink of running out. Over the past several months Congress has struggled to agree […]
The Congressional Budget Office (CBO) estimates that an extension of the Children's Health Insurance Program (CHIP) would cost the government $800 million over 10 years. An earlier projection put the cost at $8.2 billion, but the Republican...Show More Summary
WASHINGTON (AP) — Congress' official budget analysts have eased one stumbling block to lawmakers' fight over renewing a program that provides health insurance for nearly 9 million low-income children. The Congressional Budget Office says a Senate bill adding five years of financing to the program would cost $800 million. Show More Summary
MICHAEL BARONE: Republicans have reformed taxes — will they fix 1970s budget rules next? The restrictions of the 1974 Budget Control Act and the cost estimates of the Congressional Budget Office it created were intended to provide clarity and restraints on presidents and Congresses. Ironically, we had mostly balanced budgets before 1974 and mostly budget […]
The individual mandate is gone. And this helps subsidized buyers. The Congressional Budget Office thinks that the lack of a mandate will raise individual market premiums by 10% because healthier people who either receive low subsidies or no subsidies will leave the market. A sicker risk pool on average leads to higher premiums. The pain […]
CNN’s “Out Front” featured an economic debate on the Republican tax bill, between former Secretary of Labor Robert Reich and Douglas Holtz-Eakin, former director of the Congressional Budget Office. “You heard the White House again defending the president’s claim that...
The Congressional Budget Office (CBO) recently released a fiscal impact score for the DREAM Act. It found that the DREAM Act would increase deficits by about $25.9 billion over the next decade. There are at least two problems withShow More Summary
Conference Committee, H.R. 1 (Statutory Language, Joint Explanatory Statement, Revenue Estimate) Conference Committee, Joint Explanatory Statement on H.R. 1 Congressional Budget Office, Cost Estimate for the Conference Agreement on H.R. 1 Press coverage: New York Magazine, Here’s What’s In the Final Draft of the GOP Tax Bill New York Times,...
Today's example: The Congressional Budget Office The post Was There an Agency Under Obama That WASN’T Politically Weaponized? appeared first on RedState.
Frederico Bartels Security, We need to start rebuilding our military in 2018. Delaying will only make the price tag higher. The Congressional Budget Office estimates that it will cost an additional $295 billion over the next four years...Show More Summary
BY ROGER COLLIER Unnoticed by most of the media, the Congressional Budget Office recently released a report that could profoundly change American seniors’ healthcare coverage. The report updates a 2013 CBO analysis of the potential impact of switching Medicare to a premium support system. Under such a system private plans would compete with the traditional
The Congressional Budget Office said drilling would raise $1.1 billion for the government over the next decade, but it's going to be less than a fifth of that.
U.S. Sen. Angus King is among a group of lawmakers who wants the Congressional Budget Office to prioritize the role of prevention in health care. King, a Maine independent, is … Click to Continue »
One of the issues that has been raised in the debate over tax cuts is how fast the economy can grow. The Congressional Budget Office (CBO) is projecting growth averaging just 1.9 percent annually over the next decade. This is based on...Show More Summary