Outlook for the Budget and the Economy
- Blog Post
CBO Releases Its Annual Summer Update of the Budget and Economic Outlook
The United States continues to face profound budgetary and economic challenges.
- Blog Post
CBO's Analysis of the Debt Ceiling Agreement
Last 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.
- Blog Post
CBO's Estimates of the Budgetary Effects of the Revised Deficit Reduction Plans
In a blog post on Wednesday, I discussed CBO’s analysis of plans to reduce future budget deficits put forward by House Speaker John Boehner and Senate Majority Leader Harry Reid as part of proposals to raise the limit on the national debt
- Blog Post
Budget Control Acts of 2011
House Speaker John Boehner and Senate Majority Leader Harry Reid recently put forward plans to reduce deficits over the next decade as part of proposals to raise the limit on the national debt. CBO has estimated the budgetary effects of those plans—both titled the Budget Control Act of 2011.
- Blog Post
Federal Budget Math: We Can
I was pleased to talk last Thursday at the Federal Reserve Bank of New York.
- Blog Post
CBO's Estimates of ARRA's Impact on Employment and Economic Output for the First Quarter of 2011
As 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 toda
- Blog Post
Extrapolation Through 2021 of Full-Year Appropriations for 2011
For programs funded through annual appropriations (which are called “discretionary” programs), CBO uses the funding provided for the current fiscal year as the starting point for its baseline budget projections for the coming decade.
- Blog Post
The Costs of the Troubled Asset Relief Program
Today CBO released the fifth of its statutory reports on transactions undertaken as part of the Troubled Asset Relief Program (TARP)—the program established in October 2008 to enable the Department of the Treasury to promote stability in financial mark
- Blog Post
CBO's Labor Force Projections Through 2021
Each year CBO examines many developments that could have short- or longer-term consequences for the budget and the economy. During the decades to come, one such development is expected to be a slower rate of growth of the labor force relative to the average growth rate of the past few decades.
- Blog Post
Four Observations about the Federal Budget
I spoke this morning to the Economic Policy Conference of the National Association for Business Economics. My talk was structured around four observations about the federal budget: