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.
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
A recent Congressional Budget Office study finds surprisingly positive news on Medicare, but will it last?
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.
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
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
If the pattern continues, as the Congressional Budget Office forecasts, it will be a rarity in the Medicare program’s history.
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 [...]
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
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
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.
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
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.
David Wessel: A guide to understanding the federal deficit and the Congressional Budget Office's updated numbers.
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
Congressional Budget Office, An Update to the Budget and Economic Outlook (Aug. 2014):
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
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
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 […]
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.