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Trend Results : Congressional Budget Office

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Social Advocacy and Politics: Not for Wonks Only

The Congressional Budget Office is now on YouTube, as well as Twitter. Government delivered to you! You might be thinking, “I have enough TV to watch. Why would I watch CBO testimonies?” Good question.

Growth Debt And Secular Stagnation - Implications For The S&P 500

By Lance Brofman: Last October we published "A Very Long-Term View Of Government Finances - Implications For The S&P 500". The forecast extended to 2088 based on macroeconomic data forecasts from the Congressional Budget Office (CBO). Show More Summary

Medicare: Spending Crisis Averted or Disaster Looming?

A recent Congressional Budget Office study finds surprisingly positive news on Medicare, but will it last?

CBO: Smarter Sentencing Act Would Save Billions Over the Next Decade

A new report from the Congressional Budget Office looks at the financial impact of the Senate proposed Smarter Sentencing Act, which would reduce mandatory minimums for non-violent drug offenses. It found the law would on net save the federal government roughly $3 billion over the next decade and reduce the prison terms of roughly a quarter million people.

Robert Samuelson Wants to Cut Social Security and Medicare Spending Because Medicare Costs Could Start Rising Rapidly Again

Nope, I'm not kidding. We've seen a sharp slowdown in health care costs across the board over the last seven years. This has led the Congressional Budget Office to lower its deficit projections. In fact, the reductions in projected deficits...Show More Summary

CBO Cost Estimate Shows ABLE Act Would Cost More Than it Saves

The Congressional Budget Office recently released its cost estimate for H.R 647, Achieving a Better Life Experience Act of 2014. The bill, which has strong bipartisan support, would “allow for the creation of a new type of tax-favored...Show More Summary

The New Health Care: Per Capita Medicare Spending Is Actually Falling

2 weeks agoHealth : NYT: Health

If the pattern continues, as the Congressional Budget Office forecasts, it will be a rarity in the Medicare program’s history.

CBO Says Federal Tax Revenues Will Rise Because Of Higher Individual Income Taxes

Last week’s Congressional Budget Office fiscal update largely focused on the dangers of rising spending on health care, Social Security, and interest on the debt. But it also projected a significant increase in federal revenues, almost entirely due to a big bump in individual income taxes. CBO projects that individual tax revenue will climb well above its [...]

CBO Says Federal Tax Revenues Will Rise Because Of Higher Individual Income Taxes

Last week’s Congressional Budget Office fiscal update largely focused on the dangers of rising spending on health care, Social Security, and interest on the debt. But it also projected a significant increase in federal revenues, almost entirely due to a big bump in individual income taxes. Show More Summary

Don’t be fooled: America’s deficit is still a problem

The Congressional Budget Office recently put out new budget projections and commentators have had a series of feel-good moments about it. Debt is under control, they say. Projections of Medicare costs continue to fall, they point out. Show More Summary

CBO, Fed Growth Forecasts Unattainable, Northwestern’s Gordon Says

The Congressional Budget Office’s projection of modest annual U.S. output growth of 2.2% in the coming decade is unattainable, as is the Federal Reserve’s expectation of growth near 3% in the next two years, according to a new paper by Northwestern University economics professor Robert Gordon.

Move over deficit fetishists, there's a new Medicare narrative in town

Deficit fetishists are going to have to change their script, as Medicare is turning out to be better and better news for the economy all the time. The Congressional Budget Office released projections on Wednesday for Medicare spending, and they projected another decline in spending on the program from previous projections. The changes are big. Show More Summary

CBO Director: Political Divide Makes Fiscal Progress ‘Very Hard’

Congressional Budget Office Director Douglas Elmendorf said Thursday that the current political divide in Washington – and across America – makes it very tough for the country to coalesce around any sort of agreement to solve the nation’s long-term fiscal challenges.

Three Minutes to a Better Grasp of the Federal Deficit

David Wessel: A guide to understanding the federal deficit and the Congressional Budget Office's updated numbers.

As CBO Reduces Its Growth Projection, AP Still Gives Cred to Obama Admin's Absurd Forecast

In a Wednesday report on the Congressional Budget Office's downward revision of this year's predicted gross domestic product growth to a dismal 1.5 percent, the Associated Press's Andrew Taylor acted as if the Obama administration'sShow More Summary

CBO: An Update to the Budget and Economic Outlook

Congressional Budget Office, An Update to the Budget and Economic Outlook (Aug. 2014):

US budget office raises deficit forecast

3 weeks agoNews : The Newsroom

The US Congressional Budget Office raised its forecast for the US fiscal deficit this year on Wednesday, but said it would still be much lower than last year's. The CBO also reiterated its medium-term view that the US deficit will begin accelerating at the end of this decade, gaining size in real terms and as a percentage of gross domestic product. Show More Summary

CBO Thinks Millions Of Americans Aren't Going To Sign Up For Obamacare

Submitted by Robert Murphy via Mises Canada, In June the U.S. Congressional Budget Office (CBO) updated its forecasts regarding the “individual mandate” component of the Affordable Care Act (ACA), also known as “ObamaCare.” Recall that...Show More Summary

Yes, Obamacare is cutting the deficit

Today the Congressional Budget Office released its latest economic and fiscal projections, and guess what: The news is pretty good. In fact, all the “deficit hawks” out there who are deeply concerned about too much borrowing and the terrible choices our grandchildren will confront might want to write a letter of thanks to one Barack […]

U.S. economy forecast to grow by 1.5% in 2014

The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5% in 2014, undermined by a poor performance during the first three months of the year. The new... To view the full story, click the title link.

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