More from CBO’s Update of the Budget and Economic Outlook: Discretionary SpendingAugust 31, 2011Last week CBO released its annual summer update of its budget and economic outlook. The blog posting for that release focused on CBO’s overall economic and budget projections, so we didn’t have a chance to highlight specific aspects of those projections that may be interesting to some people.
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CBO's Estimates of ARRA's Impact on Employment and Economic Output for the Second Quarter of 2011August 24, 2011As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which is often referred to as the economic stimulus package. In its latest report, issued this afternoon, CBO provides estimates of ARRA’s overall impact on employment and economic output in the second quarter of calendar year 2011.
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CBO Releases Its Annual Summer Update of the Budget and Economic OutlookAugust 24, 2011The United States continues to face profound budgetary and economic challenges. CBO discusses those challenges in the Budget and Economic Outlook: An Update—an annual report, released today, which presents the agency’s updated budget and economic projections for the current year and the next decade.
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Discretionary Spending Under the Budget Control Act of 2011August 8, 2011 |
Federal Budget Deficit Totals About $1.1 Trillion for the First 10 Months of the YearAugust 5, 2011 |
CBO's Long-Term Social Security ProjectionsAugust 5, 2011CBO 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). The remainder consist of disabled workers or their spouses and children, who receive Disability Insurance (DI) benefits.
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Federal Loan Guarantees for the Construction of Nuclear Power PlantsAugust 3, 2011 |
CBO's Analysis of the Debt Ceiling AgreementAugust 1, 2011Last 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. CBO has estimated the impact on deficits of the bill the Budget Control Act of 2011 as posted on the Web site of the House Committee on Rules on August 1, 2011.
(CBOs estimates of earlier versions of the legislation that were proposed in the House and Senate can be found here.)
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