OMB

The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...

Earlier this year the White House created a contest for federal employees that was focused on producing real ideas that would yield monetary savings...

In a speech given today at New York University, OMB Director Peter Orszag said the Administration intends to cut the deficit in half by the end of...

The message from the end of the year deficit number is clear: we must start planning how to get the deficit under control. A $1.4 TRILLION deficit is...

We spend a lot of time warning about budget gimmicks. But OMB’s new contest for federal employees to submit ideas for how the government can save...

Last week, we wrote about $85 billion worth of stimulus tax cuts which the Obama administration assumed as permanant in their baseline so that they...

This morning, Lori Montgomery of the Washington Post reported on the decision of the Obama administration to incorporate $85 billion in tax breaks...

Last week, the Congressional Budget Office (CBO) released its updated Budget and Economic Outlook and the Office of Management and Budget (OMB)...

CRFB released this report on OMB's Mid-Session Review. (We will soon release a more detailed analysis.) CBO provides a comparison chart between OMB...

Late Friday the White House conceded that ten-year deficits would total around $9 trillion, according to their estimates. This is $2 trillion greater...

August 20 - Next Tuesday the Office of Management and Budget (OMB) will release their Mid-Session Review of the budget. They plan to announce that the...

August 18 - According to Bloomberg, last month's budget deficit hit a record $180.7 billion, higher than any month in U.S. history. Spending in July...