CBO Blog


CBO's Estimate of the Cost of the TARP: $34 Billion December 16, 2011 Today CBO released the latest in a series of statutory reports on transactions undertaken as part of the Troubled Asset Relief Program (TARP)—the program established in October 2008, during the financial crisis, to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of “troubled assets.”
CBO's Budget Infographic December 12, 2011 The federal government's finances are pretty complicated and not always easy to understand,and most of CBO's reports about the budget outlook are fairly lengthy and detailed. In fact, one of the questions we're most frequently asked is how much the government spends and takes in each year. For those who are not very familiar with the budget, finding the answer is sometimes harder than it should be.
Federal Budget Deficit Close to $240 Billion for the First Two Months of 2012 December 7, 2011 The federal budget deficit was close to $240 billion for the first two months of fiscal year
Spending Patterns for Prescription Drugs Under Medicare Part D December 1, 2011 The centerpiece of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (Medicare Modernization Act) was the creation of Medicare Part D, a subsidized pharmaceutical benefit that went into effect in 2006. That additional coverage constituted the most substantial expansion of the Medicare program since its inception in 1965. In 2010, the federal government spent $62 billion on Part D, representing 12 percent of total federal spending for Medicare that year.