CBO Blog

  • 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.

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  • November 22, 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 was enacted in response to significant weakness in the economy at that time.
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  • November 18, 2011

    The U.S. Navy’s fleet numbers 284 ships, including 29 amphibious warfare ships that are designed primarily to carry marines and their equipment into combat but also to perform peacetime missions.

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  • November 15, 2011
    This morning I testified before the Senate Budget Committee on policies to promote economic growth and employment in 2012 and 2013.
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  • November 8, 2011

    Last month, the Treasury Department reported that the federal government incurred a budget deficit of $1.3 trillion for fiscal year 2011, almost identical to the deficit it incurred in 2010.

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  • November 4, 2011

    CBO has a panel of economic advisers consisting of widely recognized experts on a range of issues. Members of the panel have a variety of backgrounds, areas of knowledge, and experience. We host periodic meetings of the advisers at our office and solicit their views between meetings via e-mail exchanges and telephone calls.

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  • November 3, 2011

    This morning Jeffrey Kling, CBO’s Associate Director for Economic Analysis, spoke at the Annual Fall Research Conference of the Association for Public Policy Analysis & Management. His presentation—which can be viewed below—focused on CBO’s use of evidence in the analysis of budget and economic policies.

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  • November 3, 2011

    During the past decade’s operations in Afghanistan and Iraq, the U.S. military has come to rely heavily on the continuous presence overhead of both manned and unmanned aircraft.

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  • October 31, 2011

    One issue that complicates discussions of discretionary spending—including the question-and-answer portion of my testimony to the deficit-reduction committee—is the difference between “funding” and “outlays.” That difference, which I’ll explain in a moment, may seem rather technical, but it turns out to be very important in understanding the recent p

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  • October 28, 2011

    The U.S. military has come to rely on the Global Positioning System (GPS) to conduct many of its operations. The Department of Defense (DoD) is modernizing the system—in part to better counter deliberate interference—by purchasing new satellites and upgrading the systems that control the satellites.

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