CBO Blog

  • August 5, 2011

    CBO projects that in fiscal year 2011, outlays for Social Security will total $733 billion, one-fifth of the federal budget. About 56 million people will receive Social Security benefits this year. Most are retired workers, their spouses, their children, or their survivors, who receive payments through Old-Age and Survivors Insurance (OASI).

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  • August 3, 2011

    The Energy Policy Act of 2005 established incentives to encourage private investment in innovative technologies, including advanced nuclear energy facilities. Much of the government’s support for the construction of nuclear power plants is offered in the form of federal loan guarantees.

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  • August 1, 2011

    Last night President Obama and Congressional leaders reached an agreement on a measure that would reduce future budget deficits and raise the limit on the public debt in a series of steps.

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  • July 29, 2011

    In a blog post on Wednesday, I discussed CBO’s analysis of plans to reduce future budget deficits put forward by House Speaker John Boehner and Senate Majority Leader Harry Reid as part of proposals to raise the limit on the national debt.

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  • July 27, 2011

    In less than a week, according to projections from the Treasury Department, the U.S. government will begin defaulting on some of its obligations unless the Congress and the President increase the statutory ceiling on federal debt.

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  • July 27, 2011

    House Speaker John Boehner and Senate Majority Leader Harry Reid recently put forward plans to reduce deficits over the next decade as part of proposals to raise the limit on the national debt. CBO has estimated the budgetary effects of those plans—both titled the Budget Control Act of 2011.

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  • July 27, 2011

    This morning Heidi Golding, one of CBOs experts on military and veterans compensation, testified before the Senate Committee on Veterans Affairs on the prospective demands that veterans returning from recent and ongoing military operations will place on the health care system of the Department of Veterans Affairs (VA).

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  • July 27, 2011

    This morning Deputy Assistant Director for Budget Analysis, Theresa Gullo, testified before the House Committee on Oversight and Government Reform on CBOs analysis of the Presidents proposal to expedite the disposal of unneeded federal civilian real property.

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  • July 26, 2011

    Federal lawmakers have recently considered several policies to alter the mix of fuels used to generate electricity in the United States. Those policies—referred to as renewable or “clean” electricity standards—would lead to greater reliance on energy sources that produce few or no emissions of carbon dioxide (CO2), the most prevalent greenhouse gas contributing to climate change.

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  • July 22, 2011

    Earlier this week, I wrote a blog posting about the challenges facing policymakers as they work to put the federal budget on a sustainable path.

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