CBO Blog

  • July 27, 2010

    CBO notes that there is no identifiable "tipping point" of debt relative to the nation’s output that would indicate that a fiscal crisis is likely or imminent. However, the ratio of federal debt to GDP is climbing into unfamiliar territory.

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  • July 23, 2010

    People born in other countries are a growing presence in the U.S. labor force. In 2009, more than 1 in 7 people in the U.S. labor force were born elsewhere; 15 years earlier, only 1 in 10 was foreign born. About 40 percent of the foreign-born labor force in 2009 was from Mexico and Central America, and more than 25 percent was from Asia.

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  • July 22, 2010

    This morning CBO released a brief about the Social Security Disability Insurance (DI) program.

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  • July 22, 2010

    This morning CBO released a letter to Chairman Fortney Pete Stark analyzing a proposal to add a “public plan” to the options available through the health insurance exchanges that will be established under the recently enacted health care legislation—the Patient Protection and Affordable Care Act, or PPACA (Pu

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  • July 21, 2010

    The Congress created the Arsenal Support Program Initiative (ASPI) in 2001 to help maintain the functional capabilities of the Armys three manufacturing arsenals, which are located in Rock Island, Ill., Watervliet, N.Y., and Pine Bluff, Ark.

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  • July 14, 2010

    The federal government supports the use of biofuels—transportation fuel produced usually from renewable plant matter, such as corn—in the pursuit of national energy, environmental, and agricultural policy goals. Tax credits encourage the production and sale of biofuels in the United States, while federal mandates specify minimum amounts and types of biofuel usage each year through 2022.

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  • July 8, 2010

    Yesterday, CBO issued its Monthly Budget Review, which discussed the status of the federal budget through the end of June, encompassing the first nine months of fiscal year 2020.  At that point, the deficit was about $1.0 trillion, about $80 billion dollars less than the shortfall last year at this time.

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  • July 1, 2010

    Social Security is the federal government’s largest single program, and as the U.S. population grows older in the coming decades, its cost is projected to increase more rapidly than its revenues.

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  • June 30, 2010

    Recently, the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II. As a result of those deficits, the amount of federal debt held by the public has surged.

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  • June 18, 2010

    Yesterday CBO released estimates of average federal tax rates—households’ federal tax liability divided by their income—in 2007 for households with various amounts of income.  For each income category, the report also presents estimates of average before-tax and after-tax household income; the number of households; and that category’s share of taxes and inc

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