CBO/JCT
Latest
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The Economic Benefits of Deficit Reduction
On the same day they released their February Baseline projection, the Congressional Budget Office (CBO) released a companion report on Macroeconomic...
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The Economic Outlook in CBO's New Budget Baseline
CBO's new budget baseline released yesterday relies on its own economic projections over the next decade. After comparing their economic projections...
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CRFB Releases Analysis of CBO's February Baseline
CBO's release of its annual Budget and Economic Outlook is a treasure trove of information, sometimes not easily digestible. To help put all that...
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It's Showtime: CBO's New Budget and Economic Projections
For 49ers and Ravens fans, the Super Bowl was the big game of the 2012 NFL season. For budget wonks, today is that day, as CBO has released its budget...
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A Closer Look at Refundable Tax Credits
Yesterday, CBO issued a report on refundable tax credits, examining many issues involved with the credits. The first refundable credit, the Earned...
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Hindsight is 20/20: A Look Back at CBO's Economic Forecasting
Our recent blog " Putting the Debt on a Downward Path" emphasizes how changes in economic projections can affect the budget for better or for worse...
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CBO: Federal Government Will Hit Debt Limit in February or March
With all the attention on the fiscal cliff looming only weeks away, the fact that the federal government will hit the debt ceiling in the next few...
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CBO Quantifies the Fiscal Cliff and the Challenge Ahead
CBO has released two new reports that detail our short run problem of the fiscal cliff and the long term challenge of reducing the debt. Reading the...
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AIG Drives TARP Estimate Lower
The CBO has released its newest estimate of the Troubled Asset Relief Program (TARP), showing that it would cost taxpayers a total of $24 billion...
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The Final Tally for 2012: $1.09 Trillion Deficit
CBO's final Monthly Budget Review for FY 2012 came out today, showing the (preliminary) final estimate for the deficit that year: $1.09 trillion, or 7...
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CBO Projects a Recession -- But How Deep?
We've warned many times before that going off the fiscal cliff would throw the economy into a double dip recession. With CBO's updated budget and...