CBO/JCT
Latest
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Not Living Up to Potential: CBO Sheds Light On Its Economic Projections
As we've mentioned frequently, budget projections and economic forecasts are inextricably linked in determining both the nominal dollar budget numbers...
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What Will CBO Say About the President’s Budget?
The President's budget would put debt on a very slight downward path over the next ten years, but that is by the Office of Management and Budget's own...
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Ignoring PAYGO Could Add $2.5 Trillion to the Debt
CBO's official budget estimates rely on general adherence to current law, meaning that no new laws are passed other than to keep the government...
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Trust Fund Deadlines Are Closing In
In addition to updating budget projections, CBO's baseline also looks at the state of various government trust funds over the next ten years. Two of...
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CRFB Publishes Analysis of CBO's 2015 Budget and Economic Outlook
Yesterday, CRFB published an analysis of CBO’s latest Budget and Economic Outlook. The six-page document summarizes the forecasts and emphasizes the...
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CBO Report Shows Return of Trillion-Dollar Deficits
Trillion-dollar deficits are coming back in 2025. That's one of the many stories told by the new budget update released today by the Congressional...
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Report: CBO's January 2015 Budget and Economic Outlook
The Congressional Budget Office (CBO) released its Budget and Economic Outlook today, showing their budget and economic forecasts through 2025. After...
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The House's New Rule on Dynamic Scoring
This week, the House approved a rule change related to dynamic scoring. Specifically, the rule would require the Congressional Budget Office (CBO) and...
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CBO Shows Social Security is in Financial Trouble
It is clear that Social Security faces financial challenges. This year, its own Trustees estimated the combined trust funds would run out of reserves...
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Discussing the Uncertainty of Long-Term Budget Projections
An old saying goes, "Nothing is certain but death and taxes." But in budget projections, neither of those things -- mortality rates nor revenue levels...
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Event Recap: A Discussion on Dynamic Scoring
The Committee for a Responsible Federal Budget hosted a policy discussion this past Tuesday on dynamic scoring. CRFB President Maya MacGuineas opened...
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Measuring Inflation Right Saves $375 Billion
According to the latest CBO Budget Options report, adopting the chained CPI – an inflation index that most economists believe is a more accurate...