CBO Blog


The Budget and Economic Outlook: Fiscal Years 2011 Through 2021 January 26, 2011
Spending and Funding for Highways January 20, 2011
Analysis of Federal Civilian and Military Compensation January 20, 2011
CBO's Estimates of the Impact of Major Health Care Legislation January 14, 2011 The recent public discussion about the potential effects of repealing the major health care legislation enacted last March has revealed some misunderstandings about CBO’s procedures in analyzing legislation. Let me try to explain a bit. CBO’s estimates of the budgetary impact of legislation can take a number of different forms:
Reducing the Budget Deficit January 9, 2011 I participated this morning in a panel discussion about budget deficits at the annual meeting of the American Economic Association. The panelists were asked to talk about what should, or will, or might, happen regarding the fiscal imbalance and the likely economic impact. Of course, CBO doesn’t make policy recommendations, so I couldn’t talk about what should happen.
Federal Budget Deficit in First Quarter of Fiscal Year 2011 January 7, 2011 The federal budget deficit was $371 billion in the first quarter of fiscal year 2011, CBO estimates in its latest Monthly Budget Review, $18 billion less than the shortfall in the same period of fiscal year 2010. Revenues were 9 percent higher than they were a year ago, whereas outlays were only 3 percent higher. Later this month, CBO will issue new budget projections for fiscal year 2011 and the following 10 years.
Additional Information on CBO's Preliminary Analysis of H.R. 2 January 7, 2011
CBO's Preliminary Analysis of H.R. 2, the Repealing the Job-Killing Health Care Law Act January 6, 2011 The House of Representatives is planning to consider a bill (H.R. 2) to repeal the major health care legislation enacted last Marchthat is, the Patient Protection and Affordable Care Act (PPACA) and the provisions of the Health Care and Education Reconciliation Act of 2010 that are related to health care. CBO has not yet developed a detailed estimate of the budgetary impact of repealing that legislation, although it is working with the staff of the Joint Committee on Taxation (JCT) to complete such an estimate in the near future. Because Congressional deliberations on H.R.