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What do Larry Summers, Doug Elmendorf, and Greg Mankiw have in common?

Only one of us won a John Bates Clark Medal. Only one of us became Director of the Congressional Budget Office. Only one of us wrote a best-selling textbook. But all three of us were ec 10 section leaders early in our careers. Being an ec 10 section leader is one of the best teaching jobs at Harvard. Show More Summary

House Leaders Confident of Passing Medicare Bill

23 hours agoHealth : NYTimes: Health

The Congressional Budget Office released figures showing that the sweeping changes could add more than $140 billion to federal budget deficits in the coming decade.

Price tag of bipartisan bill averting Medicare doc fee cuts

The nonpartisan Congressional Budget Office estimated Wednesday that the bipartisan bill preventing cuts in doctors’ fees for treating Medicare patients would total $214 billion in costs over the coming decade. Highlights of the CBO analysis (in rounded numbers): PRICE TAG —$175 billion, voids 1997 law that has repeatedly threatened cuts in physicians’ fees and replaces [...]

Obamacare Has Hit only 65% of its 2015 Coverage Target

Here at RedState, we’ve already spilled a lot of digital ink discussing how Obamacare has fallen well short of expectations. Now, we have one more story for that long list. According to the Congressional Budget Office’s latest projection, the ACA will only meet 65% of its 2015 coverage goal. Show More Summary

Dynamic Scoring in the Senate

Senator Rob Portman (R., Ohio) is renewing his push for “dynamic” or “macroeconomic” scoring. The Senate Republican budget includes language, mirroring that adopted by House Republicans, requiring the Congressional Budget Office andShow More Summary

The coming Republican budget blow up

This week, the Congressional Budget Office (CBO) released its assessment of President Obama's proposed budget for fiscal year 2016. For those of us prioritizing economic growth over deficit reduction, the picture is a pretty good one. Show More Summary

Obama 2016 Budget Might Increase US Deficit by 6 Trillion

The nonpartisan Congressional Budget Office reported that Obama’s 2016 proposed budget will decrease the US deficit that year, but will add $6 trillion over the next decade.

Budget Referee Sees Less Deficit Reduction in Obama’s Proposal

The nonpartisan Congressional Budget Office sees President Barack Obama’s budget proposal for the year beginning Oct. 1 reducing deficits over the next 10 years by $1.2 trillion.

Why Republicans Will Never Have a Health Care Plan

Jonathan Chait: “All the Republican predictions have failed. Just this week, the Congressional Budget Office once again revised down its cost projections for the law, which is now projected to cost 20 percent less than originally estimated. Given conservative certainty [...] The post Why Republicans Will Never Have a Health Care Plan appeared first on Political Wire.

Obama budget would shrink deficits by $1.2 trillion over 10 years: CBO

President Barack Obama's fiscal 2016 budget proposal would shrink U.S. deficits by $1.232 trillion over 10 years compared to those expected under current tax and spending laws, the Congressional Budget Office said on Thursday. The reduction...Show More Summary

Watch What You Wish For: Dynamic Scoring Creates More Issues for the GOP

As TaxVox readers know by now, House Republicans now require the Joint Committee on Taxation and the Congressional Budget Office to include macroeconomic effects when they produce budget scores of major bills. The GOP hoped this would...Show More Summary

Nearly 12 million insured, health costs going down ... will the Supreme Court still gut Obamacare?

The Congressional Budget Office now says that the U.S. will spend less on health care in the coming decade than it predicted before Obamacare became law. That means, even with all the spending that goes with the law—Medicaid expansion and health insurance subsidies—it's driving health care costs down. Show More Summary

Senate Bill to Cap Federal Crop Insurance Premium Subsidies

By Traci Bruckner on March 9, 2015 - 12:00am In February Senators Jeanne Shaheen (D-NH) and Pat Toomey (R-PA) introduced legislation to cap federal crop insurance premium subsidies at $50,000. The Congressional Budget Office estimates...Show More Summary

Tuesday Morning Update: Baseline Updates- Policy Issues; Animal Research; Trade; Iowa Ag Summit; and, the Ag Economy

Baseline Updates- Policy Issues On Monday, the Congressional Budget Office (CBO) released its updated baseline Budget Projections for 2015 to 2025. A brief overview of CBO’s January baseline projections can be found here. Also on Monday, the Food and Agricultural Policy Research Institute (FAPRI) released its latest baseline-briefing book. Show More Summary

CBO, FAPRI March Baseline Updates

On Monday, the Congressional Budget Office (CBO) released its updated baseline Budget Projections for 2015 to 2025. A brief overview of CBO’s January baseline projections can be found here. Also on Monday, the Food and Agricultural Policy Research Institute (FAPRI) released its latest baseline-briefing book. Show More Summary

Good news everybody

Via the Washington Post Wonkblog: The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent, less over the next 10 years, compared to what the agency had projected in January. The nonpartisan agency said the Affordable Care Act will cost less for two essential reasons. The [Read more...]

Obamacare’s projected cost falls due to lower premiums under health care law, CBO says

The estimated cost of President Obama's signature health care law is continuing to fall. The Congressional Budget Office announced on Monday that the Affordable Care Act will cost $142 billion, or 11 percent less, over the next 10 years, compared to what the agency had projected in January. The nonpartisan agency said the Affordable Care Act […]

The Congressional Budget Office is Still Worried About the Federal Debt

2 weeks agoNews : Reason

The Congressional Budget Office (CBO) released he latest federal budget baseline update this morning. The baseline is the starting point for its regular legislative cost estimates; it represents CBO’s assumptions about what will happen—how...Show More Summary

CBO Projection: Budget Deficit to be lower than previous forecast

The Congressional Budget Office (CBO) released their new Updated Budget Projections: 2015 to 2025 Under the assumption that current laws will generally remain unchanged, the budget deficit is projected to decline in 2016, to $455 billion, or 2.4 percent of GDP, and then to hold roughly steady relative to the size of the economy through 2018. Show More Summary

Econ101, Ideological Blinders, and the New Head of CBO

Last week, in a post about the employment effect of regulations, I mentioned briefly that the new Director of the Congressional Budget Office, Keith Hall, had endorsed some questionable views on the subject.  A reader pointed me toward an additional writing that has done a lot to escalate my concerns.  There are disturbing signs about both Hall’s ideological bias […]

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