In mid-May, CBO will issue two reports: one showing its projections of federal revenues and spending over the next 10 years if the President's proposals are adopted; and the other providing updated 10-year baseline projections.
Many analysts consider the chained CPI to be a more accurate measure of the cost of living for the average person than the traditional CPI—but increases in the chained CPI may understate growth in the elderly’s cost of living.
CBO estimates that using the chained CPI governmentwide starting in 2014 would reduce the deficit by $340 billion over ten years by lowering benefits for Social Security and other federal programs and by increasing revenues.
Over the past two decades, the number of children in federally subsidized foster care has steadily declined, while the number of children whose adoptive parents receive federal adoption assistance has increased.
What role should the government play in the secondary market for residential mortgages, and what should become of Fannie Mae and Freddie Mac? CBO has analyzed some of the key choices to be made regarding the future structure of that market.