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CBO’s Plans in the Event of a Government Shutdown
September 30, 2013If appropriated funds lapse and normal operations of the federal government are suspended, then CBO will largely shut down as well.
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Federal Innovation Policy: The Current Context and Some Possible Changes
September 30, 2013Director Doug Elmendorf explores possible changes in federal policy that might bolster innovation.
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CBO Releases "Economic Effects in 2014 of Eliminating the Automatic Spending Reductions Specified in the Budget Control Act"
September 26, 2013During testimony on The 2013 Long-Term Budget Outlook, estimates were provided for the economic effects of eliminating automatic spending reductions in 2014. This letter corrects and clarifies those estimates.
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CBO Releases "Federal Debt and the Statutory Limit, September 2013"
September 25, 2013CBO projects that the Treasury will exhaust its well-established set of extraordinary measures—which allow for additional borrowing without breaching the debt limit—as well as its cash balance, between October 22 and the end of the month.
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Why CBO Changed Its Approach to Projecting Mortality
September 24, 2013Previously, CBO based its long-term budget estimates on the mortality rates projected by the Social Security trustees. This year, CBO projected faster declines in mortality rates (and thus longer life expectancy) than the trustees do.
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The Budgetary Impact of the Federal Government’s Response to Disasters
September 23, 2013Recently, the Congress has expressed renewed interest in the cost of the federal response to major disasters.
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Medicare and Social Security Payroll Taxes and Benefits for People in Different Birth Cohorts
September 20, 2013As part of The 2013 Long-Term Budget Outlook released last week, CBO compared lifetime payroll taxes and benefits for the Medicare program and the Social Security program for people born in different decades.
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The Slowdown in Health Care Spending
September 19, 2013Director Doug Elmendorf discusses the slowdown in health care spending, including significant downward revisions to CBO’s projections of such spending, at a conference hosted by the Brookings Institution.
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Breakfast with Reporters
September 19, 2013Director Doug Elmendorf spoke with a group of reporters who gather regularly at the invitation of the Christian Science Monitor.
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Federal Spending for Everything Other Than Major Health Care Programs, Social Security, and Net Interest
September 19, 2013In 2013, half of the federal government’s spending went toward programs and activities other than major health care programs, Social Security, and net interest.
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