CBO Blog


The Outlook for the Economy and the Budget February 25, 2011
Migrants' Remittances and Related Economic Flows February 24, 2011 Migrants’ remittances—payments sent by foreign-born workers back to their home country—have become a significant source of monetary inflows for many countries. As one of the most important destinations of global migration, the United States is the single largest national source of remittances. The flow of remittances can affect economic growth, labor markets, poverty rates, and future migration rates in the United States as well as in recipient countries.
Estimated Impact of ARRA Employment and Economic Output From October 20120 Through December 2010 February 23, 2011
Cost Estimate for H.R. 2, Repealing the Job-Killing Health Care Law Act February 18, 2011
Changes in the Distribution of Workers' Hourly Wages Between 1979 and 2009 February 16, 2011 Wages are a key component of the overall economic well-being of individuals and families. Hourly wages and hours worked determine an individuals earnings, and for most nonelderly adults, earnings constitute the bulk of their familys income. A CBO study released today, prepared at the request of the chairman and former ranking member of the Senate Finance Committee, documents changes in the amount and distribution of hourly wages received by workers in the United States between 1979 and 2009.
Long-Term Implications of the 2011 Future Years Defense Program February 11, 2011
Improving CBO's Methodology for Projecting Individual Income Tax Revenues February 10, 2011 In preparing its annual report on the budget outlook and updates to that report during the course of the year, CBO projects revenues from the federal individual income tax. A background paper released today discusses two ways to use information about tax collections to improve those projections of tax receipts: Explicitly using the information provided by recent tax collections to adjust the projections, and basing the projections on multiple years of tax return information.
Federal Budget Deficit in First Four Months of Fiscal Year 2011 February 7, 2011