Budgets & Projections
Latest
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The 90 percent Debt-to-GDP Threshold and CBO’s New Debt Estimates
On March 5, the Congressional Budget Office (CBO) gave us a preview of its take on the President’s budget proposals for Fiscal Year 2011 (starting...
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Are Social Security Surpluses Gone for Good?
Along with their analysis of the President's Budget, on Friday, CBO updated its Social Security projections. And as it turns out, the surpluses are...
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‘Line’ Items: Oscars Edition
Temporary Tax Extensions Avoid “The Hurt Locker” – The Senate passed H.R. 4691, a 30-day extension of several expired tax breaks and unemployment and...
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CBO Releases its Preliminary Analysis of the President's Budget
This afternoon CBO released its preliminary analysis of the President’s Budget, projecting a significantly worse fiscal situation than the...
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No Gimmicks? Really?
In a blog yesterday and op-ed today, OMB Director Peter Orszag defended the President's health care plan as reducing "deficits by roughly $100 billion...
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Don't Circumvent PAYGO on Jobs Bill
The CBO released an updated cost estimate* of the Senate jobs bill yesterday. This larger bill calls for further increased funding for unemployment...
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Monthly Budget Review Reports $655 billion deficit in FY 2010 Thus Far
The Congressional Budget Office issued its Monthly Budget Review yesterday. It estimates that the federal government incurred a deficit of $655...
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Financial Report of U.S. Government
The Treasury Department recently released its annual Financial Report of the U.S. Government, reporting on the budget deficit, net operating costs...
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‘Line’ Items: A Lonely Road, Paying for Jobs
Highway to Nowhere – Sen. Jim Bunning (R-KY) has blocked a vote on temporarily extending unemployment and COBRA benefits, the Medicare “doc fix” as...
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“Painful, Unglamorous, and Indispensible Work of Fiscal Discipline”
Those were some of the words uttered by House Majority Leader Steny Hoyer (D-MD) today at the Brookings Institution as the latest political leader to...
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CBO/JCT Reports Roundup
A number of very interesting and relevant government reports came out the week of February 22, 2010.
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Obama Appoints Four More to the Deficit Commission
President Obama has named his remaining appointees to the Commission, including David Cote (CEO for Honeywell International), Alice Rivlin (former CBO...