Last week the Congressional Budget Office released updated budget projections — a treasure trove of information for budget wonks. For example, CBO released new estimates of the direct budget costs of the 2009 stimulus bill, officially known as the American Recovery and Reinvestment Act (ARRA). CBO now estimates that ARRA will cost $814 billion from 2009 [...]
Posts Tagged ‘CBO’
A New Price Tag for Stimulus: $814 Billion
Posted in Budget, Macroeconomics, tagged Budget, CBO, Macroeconomics, Stimulus on August 24, 2010 | 1 Comment »
Why Taxes Are Going Up
Posted in Budget, tagged Budget, CBO, Taxes on July 7, 2010 | 1 Comment »
It’s hard to imagine that spending restraint alone can solve America’s long-run fiscal woes. Facing an aging population and rising health care costs, the federal government will continue to expand even if policymakers take serious steps to trim spending. That’s why policy wonks are working so hard to evaluate ways to raise more revenue. Cutting [...]
How Bad is the Budget Outlook?
Posted in Budget, tagged Budget, CBO, Debt, Deficit, Taxes on July 1, 2010 | 1 Comment »
The Congressional Budget Office offers two visions of the future in its new long-run budget outlook. The first imagines a world in which lawmakers take pay-as-you-go budgeting really seriously. The budget baseline assumes that existing laws execute exactly as written: all the 2001 and 2003 tax cuts expire, the alternative minimum tax hits millions more [...]
One Last (?) Health Cost Estimate
Posted in Budget, Health, tagged Budget, CBO, Health on March 21, 2010 | 3 Comments »
On Saturday, the Congressional Budget Office released its complete cost estimate for the health/revenue/education legislative package that the House is expected to vote on later today. The good news: The combined package would reduce the deficit by slightly more over the next ten years ($143 billion) than previously estimated ($138 billion). And nothing has changed [...]
How Much Does Health Reform Cost?
Posted in Budget, tagged Budget, CBO, Health on March 19, 2010 | 14 Comments »
It figures that CBO would release its much-awaited score just as I was boarding a plane to go to a conference. So apologies for being slow to the party. The headlines are reporting that CBO scored the health reform effort as costing $940 billion over the next ten years. Readers of this blog know that [...]
How Much Does the Senate Health Bill Cost?
Posted in Budget, Health, tagged Budget, CBO, Health on March 11, 2010 | 16 Comments »
Earlier today the Congressional Budget Office released an updated analysis of the Senate health bill. The update reflects all the amendments that were adopted during Senate consideration of the bill, some technical adjustments, and the assumption that the bill would be enacted in the spring of 2010 (rather than December 2009, as previously assumed). The [...]
A New Price Tag for Stimulus: $862 billion, not $787 billion
Posted in Budget, Macroeconomics, tagged Budget, CBO, Deficit, Stimulus on January 27, 2010 | 16 Comments »
Amongst its usual cracker jack budget projections yesterday, the Congressional Budget Office provided a few toy surprises for budget watchers. One is an updated estimate of the direct budget costs of the 2009 stimulus bill, officially known as the American Recovery and Reinvestment Act (ARRA). CBO originally estimated that ARRA would cost $787 billion from [...]
Deficits As Far as the Eye Can See
Posted in Budget, tagged Budget, CBO, Debt, Deficit on January 26, 2010 | 3 Comments »
Today the Congressional Budget Office released its much-anticipated projections for the budget. As usual, the headline figure is CBO’s estimate of the budget deficit, now projected to be $1.35 trillion for the fiscal year, about 9.2% of GDP. That’s slightly better than last year–when $1.4 trillion deficits amounted to 9.9% of GDP–but is still the [...]
The Budget Deficit Keeps Rising
Posted in Budget, tagged Budget, CBO, FDIC, GSE, TARP on January 8, 2010 | Leave a Comment »
The federal government racked up a $389 billion deficit during the first three months of the fiscal year (October through December), according to estimates released by the Congressional Budget Office yesterday. That’s $56 billion more than during the first quarter of last year, almost a 17% increase. (A portion of that increase is due to [...]
The Coming Budget Battle over TARP and Jobs
Posted in Budget, Politics, tagged Budget, CBO, jobs, TARP on January 5, 2010 | 1 Comment »
The House and Senate appear to be on a collision course about how to pay for a new jobs bill (aka a stimulus bill). The issue? Whether Congress can pay for new jobs programs by cutting back on TARP. The House embraced that approach in the bill it passed before Christmas. That bill–H.R. 2847, the [...]
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