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GOP May Force CBO to Use Magic Accounting

When Republicans take full control of Congress on Jan. 6, they will face decisions on major changes at the Congressional Budget Office, including possibly naming a new head and changing the rules used to assess the cost of legislation. Show More Summary

House GOP Leadership Would Require Dynamic Scoring of Some Tax Bills. Will It Matter?

Last night, the House Republican proposed new rules that would require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects of “major” legislation into their official budget estimates. But there may be less to these new rules for so-called “dynamic scoring” than meets the eye. The GOP did not make […]

House GOP Leadership Would Require Dynamic Scoring of Some Tax Bills. Will It Matter?

Last night, the House Republican leadership proposed new rules that would require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects of “major” legislation into their official budget estimates. Show More Summary

Will He Go or Stay? CBO’s Elmendorf Caught in Holding Pattern

The mystery surrounding the future of Douglas Elmendorf at the Congressional Budget Office has major implications on Capitol Hill, as his term expires Jan. 3 and no path for a successor has been laid out.

Republicans to Pick New Congressional Budget Office Director

4 days agoNews : Reason

Congressional Republicans will pick a new Congressional Budget Office (CBO) director when current CBO chief Douglas Elmendorf's current term is up next year, according to a report by Bloomberg Politics' Dave Weigel.  I was critical of...Show More Summary

Republicans eye big changes at non-partisan Congressional Budget Office

6 days agoNews : The Raw Story

When Republicans take full control of Congress on Jan. 6, they will face decisions on major changes at the Congressional Budget Office, including possibly naming a new head and changing the rules used to assess the cost of legislation. Conservative groups have been calling for the replacement of...

Republicans weigh big changes at U.S. budget referee agency

By David Lawder WASHINGTON (Reuters) - When Republicans take full control of Congress on Jan. 6, they will face decisions on major changes at the Congressional Budget Office, including possibly naming a new head and changing the rules used to assess the cost of legislation. Show More Summary

Congressional Budget Office Concerned About Ohio Replacement Ballistic Submarine Program Costs

The Navy rebuffed today a Congressional Budget Office estimate that the service is too optimistic about the cost of its new nuclear missile submarine. Still, whatever the final cost, it’s certain to be high — so high the Navy officially...Show More Summary

Congress: Navy Needs More Money for 306-Ship Fleet

The Congressional Budget Office estimates that the Navy is not likely to reach its goal of a 306-ship fleet without acquiring billions in additional funding in coming years.

CBO Sees Through US Navy’s Backloaded Shipbuilding Budgeting

The latest review by the US Congressional Budget Office concludes like in past years that the US Navy’s shipbuilding plan is underfunded, especially in the out years. “CBO’s estimate of the cost of new-ship construction in the Navy’s 2015 shipbuilding plan is $66 billion, or 13 percent, higher over the next 30 years than the […]

Dynamic Scoring Stands Up to Criticism

A piece from Christopher Flavelle at Bloomberg yesterday discussed dynamic scoring, and the thoughts of former Republican directors of the Congressional Budget Office on the subject. He sees the remarks of the former directors as a case against dynamic scoring, but it’s somewhat hard to see why. Show More Summary

Don't Forget

With unified control on Capitol Hill, DC Republicans are now planning on forcing the CBO, the official Congressional number crunching office, to start using special GOP math (aka "dynamic scoring") to analyze their budget bills.

Debunking the Debunking of Dynamic Scoring and the Laffer Curve

Daniel J. Mitchell Many statists are worried that Republicans may install new leadership at the Joint Committee on Taxation (JCT) and Congressional Budget Office (CBO). This is a big issue because these two score-keeping bureaucracies...Show More Summary

Honor the Budget Wonks

One of the bitterest battles in Washington is the quadrennial squabble over who will lead the Congressional Budget Office (CBO), Congress's counterpart to the Office of Management and Budget (OMB). Created in 1974, the CBO is charged...Show More Summary

Congressional Budget Office

Honor The Budget Wonks - by Jerry Jasinowski One of the bitterest battles in Washington is the quadrennial squabble over who will lead the Congressional Budget Office (CBO), Congress's counterpart to the Office of Management and Budget (OMB). Show More Summary

Republicans have a new battle: War on the CBO

CBO Director Doug Elmendorf, too reality-based for the GOP. The Congressional Budget Office can be a cruel budget master. Sometimes Republicans love its estimates—mostly when it says how expensive some new program will be—and sometimes...Show More Summary

The Government’s Tax-Transfer System Is Extremely Progressive

In November, the Congressional Budget Office (CBO) released the latest annual edition of its report on the distribution of household income and federal taxes, with data for 2011. The CBO study confirms that the federal tax system is progressive. Show More Summary

Republican war on CBO now targets its director

Almost from its inception in 1974, Republicans have hated the nonpartisan Congressional Budget Office. Ever since Capitol Hill's budget scorekeeper presciently predicted Ronald Ronald's magical tax cuts would produce oceans of red ink,...Show More Summary

U.S. National Debt Quietly Surpasses $18 Trillion With No End In Sight

``The U.S. national debt hit $18 trillion for the first time on Friday, according to the U.S. Treasury Department and a website that tracks liability debt and assets... The Congressional Budget Office released two startling reports in April showing that... Show More Summary

Yes, Delay on Passing Immigration Reform Does Cost Us $37 Million Per Day

Over 17 months ago, the Senate passed S. 744, a comprehensive bipartisan immigration reform bill. The non-partisan Congressional Budget Office conducted an analysis on the economic and fiscal impacts this bill would have on the United States if it were enacted. Show More Summary

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