Trend Results : Congressional Budget Office

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CBO & Joint Tax Committee:Factors Affecting Revenue Estimates Of Tax Compliance Proposals

The Congressional Budget Office and Joint Committee Taxation have released Factors Affecting Revenue Estimates of Tax Compliance Proposals (CBO Working Paper 2016-05; JTX-90-16): This paper examines various factors that affect estimates made by the Congressional Budget Office and the staff of the Joint Committee on Taxation of the budgetary savings...

Report: Bill to protect miners' benefits would save money

The report by the nonpartisan Congressional Budget Office comes as bill supporters ramp up efforts to pass the measure by the end of the year, when they say thousands of mining families could lose benefits. The budget office's report...Show More Summary

This week in the war on workers: What happens if Obama's overtime expansion is reversed?

President Obama’s expansion of overtime pay goes into effect on December 1. But what happens if it gets rolled back in 2017? Here are some of the Department of Labor’s takeaways from a Congressional Budget Office report: CBO finds that...Show More Summary

The U.S. Government Just Spent $168 Billion More Than the Year Before

Lauren Bowman, Romina Boccia Government, And the problems are just getting started.  New numbers on federal spending are in from the Congressional Budget Office, and they’re not pretty. The federal government spent $3.9 trillion in fiscal 2016, which ended Sept. Show More Summary

Does Hillary Clinton Know About CBO and Vice Versa

The reason for asking is that the Congressional Budget Office (CBO) has recently put out some very pessimistic projections for Social Security. These projections got some attention from the media because they were considerably more pessimistic...Show More Summary

The Deficit Grew by $149 Billion in 2016

The Congressional Budget Office recently released its Monthly Budget Review for September 2016. It includes a revised estimate of the deficit for 2016. It isn’t much different than the one projected in August. The document makes it hard...Show More Summary

Are trade agreements good for the U.S. economy?

Congressional Budget Office: The pacts have “relatively small effects” on the U.S. economy, while hurting some workers

AP FACT CHECK: Trump job forecast not so bold

TRUMP, on 14 million people leaving the workforce during Obama's presidency: "My economic plan rejects the cynicism that says our labor force will keep declining." The nonpartisan Congressional Budget Office estimates that the laborShow More Summary

Federal Tax Receipts Hit Record High $2.9 Trillion – And Counting

Federal tax receipts for the first 11 months of fiscal year 2016 totaled $2.909 trillion, according to the Congressional Budget Office (CBO). The CBO estimates that the government took in $26 billion - or about 1% - more than they did during the same period last year, marking a record high.

Fail: Obamacare Enrollments 'Less Than Half' of Initial Forecast

In January, we reported that the nonpartisan Congressional Budget Office had downgraded its forecast for Obamacare enrollments by eight...

Nets Cover for Failing ObamaCare, Silent on Missed Enrollment Forecast

The news broke Monday that ObamaCare has again missed enrollment forecasts from the Congressional Budget Office, resulting in grossly limited options and high prices for consumers. “Enrollment is simply nowhere near what the congressional...Show More Summary

ICYMI: CBO Projects 2016 Budget Deficit To Hit $590 Billion

The fiscal year is set to end on September 30 and the deficit is expected to be $56 billion more than what the Congressional Budget Office...

US Federal Debt to Rocket to $28.2 Trillion Over Next Decade

The US Congressional Budget Office (CBO) has issued a report predicting that the outstanding federal debt of the United States will balloon to $19.4 trillion at the end of this year, and hit $28.2 trillion by 2026.

Small Spending Restraints Would Go a Long Way Toward Solving Our Debt Problem

Yesterday, the Congressional Budget Office released its new ten-year forecast of how much debt Uncle Sam will accumulate based on its projected spending and revenue estimates. Not surprisingly, CBO reports that under the current system budget deficits will grow rapidly in the next ten years, reaching $1 trillion in 2024 and $1.2 trillion in 2026. Show More Summary

Today’s Federal Deficit Report Hints at Looming Financial Crisis in the U.S.

The projected federal deficit report released by the Congressional Budget Office was frightening. The post Today’s Federal Deficit Report Hints at Looming Financial Crisis in the U.S. was originally published at The Wall Street Examiner. Follow the money!

New CBO Numbers Confirm Simple Task of Balancing the Budget with Modest Spending Restraint

It’s not a big day for normal people, but today is exciting for fiscal policy wonks because the Congressional Budget Office has released its new 10-year forecast of how much revenue Uncle Sam will collect based on current law and how...Show More Summary

New estimates: Deficit increase after years of declines

The Congressional Budget Office is also lowering its projections of economic growth over the next several years, in part because of the disappointing results so far in 2016. On the budget deficit picture in the longer term, CBO's latest report sees a slight improvement, mostly because the government is expected to pay lower interest rates on its almost $20 trillion debt.

A New Report on America's Wealth Gap Shows Bernie Sanders is Right to Be Grumpy

A new Congressional Budget Office report examining trends in family wealth confirms what most Americans know from experience: the poor are buried in debt, the middle class is stuck, and—shocker—the most wealthy are piling up all theShow More Summary

How the GOP feeds the PC beast

(Scott Johnson) John Fund reports that congressional Republicans increased the Department of Education’s Office for Civil Rights with a very generous budget increase last year. Fund takes up the matter in the NR column “How Republicans feed the beast of political correctness.” OCR is perhaps the most left-wing office in the federal bureaucracy. Show More Summary

Higher Interest Rates, not Entitlement Spending, Is Cause of Projected Rise in Budget Deficit

A NYT article on the prospects for the federal budget deficit under the next president told readers: "Even without new spending, the federal budget deficit is expected to rise. By 2020, the Congressional Budget Office estimates, theShow More Summary

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