Forty years ago today, Alice Rivlin was appointed Director of the Congressional Budget Office, and CBO began its service to the Congress and the country.
CBO Blog
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February 24, 2015read more -
February 20, 2015read moreIn calendar year 2014, ARRA—which was enacted in 2009—raised real GDP by between a small fraction of a percent and 0.2 percent and increased the number of full-time-equivalent jobs by between a slight amount and 0.2 million, CBO estimates.
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February 13, 2015read more
CBO turns 40 on Tuesday, February 24 and is commemorating the event with a panel discussion about CBO's past and future featuring all seven former CBO directors. The event will be held on February 24 at the U.S. Capitol Visitor Center from 1:00 p.m. to 3:30 p.m. Join the conversation on Twitter using the event hashtag #CBOat40.
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February 12, 2015read moreUp to 85 percent of a Social Security recipient’s benefits are subject to the individual income tax. CBO estimates that income taxes on Social Security benefits totaled $51 billion in 2014.
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February 12, 2015read moreCBO’s forecasts generally have been comparable in quality to those of the Administration and the Blue Chip consensus, with large errors by CBO tending to reflect difficulties shared by other forecasters.
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February 10, 2015read moreBusinesses have become increasingly likely to choose the organizational structure that offers more favorable tax treatment. As a result, revenues are lower than they would otherwise be, but incentives for investment are probably greater.
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February 10, 2015read moreFor the latter half of its 10-year projection period, CBO projects that actual output will grow at the same rate as potential output but fall short of potential output by about half a percent, on average—matching its long-term average gap.
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February 6, 2015read moreThe federal government ran a budget deficit of $195 billion for the first four months of fiscal year 2015, CBO estimates—$12 billion more than the shortfall recorded in the same span last year.
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February 5, 2015read moreCBO examines the effect of energy savings performance contracts (ESPCs) on the energy usage and energy costs of federal agencies, and on the federal budget.
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January 28, 2015read moreCBO Director Doug Elmendorf presents testimony about CBO’s latest report on the budget and economic outlook before the Committee on the Budget, United States Senate.
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