Of the 428 bills CBO reviewed in 2012, 68 contained intergovernmental mandates and 80 contained private-sector mandates. Of the 202 public laws enacted, 16 contain intergovernmental mandates and 23 contain private-sector mandates.
After a recent hearing, CBO was asked by a Member of Congress: “Are there economic conditions under which deficit reduction would have a smaller effect on unemployment and GDP than under current conditions?”
After a recent hearing, CBO was asked by a Member of Congress: “Based on historical trends of revenue and spending, is the primary driver of deficits over the next ten years historically high spending?” Today’s post answers that question.
Following a recent hearing, a Member of Congress asked in a question for the record: “How do today’s discretionary funding levels compare with pre-recession funding levels?” Today's blog post answers that question.
CBO routinely monitors the budgetary effects of enacted legislation to help improve projections of spending and receipts under current law, as well as to improve cost estimates for new legislative proposals.
After participating in Congressional hearings, CBO prepares answers to “questions for the record” submitted by the Members of the Committees that held the hearings. Answers to some recent questions will be posted on the CBO Blog this week.
Director Doug Elmendorf participated in a panel discussion about why the world economy has been performing poorly. He explained that the most costly economic problem in this country today is the large number of people who cannot find jobs.
CBO and JCT’s estimate of the net budgetary impact of the ACA’s insurance coverage provisions has changed little since August 2012, and has changed little, for any given year, since the legislation was being considered in March 2010.
The costs of the Department of Defense’s (DoD’s) budget plans through 2021 would be much higher than the funding permitted under the Budget Control Act’s statutory caps. CBO examined four options to cut back on DoD’s forces and activities.