Direct-to-consumer (DTC) advertising of prescription drugs has elicited various concerns. One concern is that DTC advertising may add to spending on drugs by consumers, insurers, and the federal government without providing enough benefits to justify that spending.
May 26, 2011
May 25, 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
May 24, 2011
The deductibility of charitable donations has been a feature of the U.S. individual income tax almost as long as the modern income tax has been in existence.
May 18, 2011
Over the past two years, the Federal Housing Administration (FHA) has guaranteed more than 17 percent of new and refinanced mortgages on single-family homes in the United States.
May 17, 2011
This morning Joseph Kile, CBOs Assistant Director for Microeconomic Studies, testified before the Senate Finance Committee to discuss the federal role in paying for highways.
May 16, 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.
May 12, 2011
In recent years, the Congress has shown interest in powering some of the Navy’s future destroyers and amphibious warfare ships with nuclear rather than conventional (petroleum-based) fuel.
May 6, 2011
The federal government incurred a budget deficit of $871 billion in the first seven months of fiscal year 2011, CBO estimates in its latest Monthly Budget Review, roughly $70 billion more than the deficit incurred in the same period in 2010.
May 4, 2011
The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the next few years, but structural shortfalls in their pension plans pose a problem that is likely to endure for much longer.The recent financial crisis and econom