The Administration recently submitted a $302 billion, four-year transit proposal to Congress to address the chronic challenges facing surface...

The first of the FY 2015 appropriations bills hit the House floor today, kicking off a five month timeline for lawmakers to avoid a government...

The push among lawmakers to reform housing finance has picked up lately, as proposals have been emerging in recent weeks. The most prominent one in...

This week, Congress will continue to deliberate if and how to continue the “ tax extenders” which expired at the end of 2013. In doing so, both the...

The House and Senate appear to be taking different approaches to the " tax extenders" which expired at the end of 2013. Whereas the Senate Finance...

Caught up in the release of CBO's baseline and its analysis of the President's budget last week was another CBO update of their estimate of the...

With the U.S.'s involvement in Afghanistan set to wind down at the end of the year, there is some uncertainty about the military presence in 2015 and...

Every year when the President releases his budget, CBO re-estimates the budget using a baseline set of economic assumptions – the same as it uses for...

CBO recently released an update to its 2014-2024 baseline including the first detailed agriculture projections since May 2013. Since then, Congress...

CBO’s latest budget outlook contained good news and bad news for some of the federal government’s largest trust funds. First, the bad news: CBO...

In our paper on CBO's analysis of the President's budget, we compared how CBO and OMB estimated the budget's policies relative to CBO's baseline. Of...

Shortly after the President's budget was released, we suggested CBO might be somewhat more pessimistic in its debt projections than OMB. Specifically...