Earlier today, CBO released its latest monthly snapshot on the federal budget. The key things you should know are: CBO estimates that the government ran a deficit of almost $1.4 trillion during the first eleven months of the fiscal year (up from $501 billion at this point last year). CBO reiterated its forecast that the [...]
Posts Tagged ‘OMB’
The Exploding Deficit Reaches $1.4 Trillion
Posted in Budget, tagged Budget, CBO, Deficit, Fannie Mae, Freddie Mac, GSE, Interest Rates, OMB, TARP, Taxes on September 8, 2009 | 8 Comments »
OMB’s 2009 Deficit Estimate Is Likely Too High
Posted in Budget, Data, Finance, Politics, tagged Budget, CBO, Deficit, Fannie Mae, Freddie Mac, GSE, OMB on August 25, 2009 | 6 Comments »
As expected, the new budget projections from the Office of Management and Budget show an estimated deficit of $1.58 trillion in the current year (which ends on September 30). In their coverage of the dueling budget releases, many members of the media are noting that this estimate is almost identical to the $1.59 trillion estimate [...]
More Stimulus Spending Than Originally Projected
Posted in Budget, Economy, Macroeconomics, Politics, tagged Budget, CBO, Macroeconomics, Medicaid, OMB, Politics, Stimulus, unemployment on August 25, 2009 | 1 Comment »
Lots of budget news this morning, with the release of the newest projections from the Office of Management and Budget and the Congressional Budget Office. One headline is that spending on the stimulus will be higher than expected. As reported by Lori Montgomery at the Washington Post (ht EconomistMom): The $787 billion economic stimulus package [...]
$9 Trillion in Deficits for 2010 – 2019
Posted in Budget, Politics, tagged Budget, CBO, Deficit, OMB, Politics on August 21, 2009 | 7 Comments »
If you have bad news to report in our nation’s capital, Friday afternoon in August is a good time. So what did we learn this afternoon? Well, according to various news services (e.g., Bloomberg and Reuters) the Obama administration is projecting that budget deficits will total about $9 trillion from 2010 – 2019. That figure [...]
2009 Budget Deficit: $1.58 Trillion
Posted in Budget, Politics, tagged Budget, CBO, Deficit, OMB, TARP, Taxes on August 19, 2009 | 6 Comments »
Next Tuesday is a big day for budget watchers. The Congressional Budget Office will release its updated budget and economic projections in the morning, and the Office of Management and Budget will release its projections later in the day. CBO isn’t a fan of leaks, so we probably won’t know much about its updated projections [...]
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