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- Report
The Congress has traditionally placed a limit on the total amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Lawmakers have enacted numerous increases to the debt limit—commonly known as the debt ceiling—some of which have been temporary and many of which have been permanent. Treasury debt is now approaching the current limit.
- Presentation
Assistant Director for Health, Retirement, and Long-Term Analysis Linda T. Bilheimer's presentation to the MIDAS Network Meeting
- Blog Post
Unemployment insurance benefits topped $150 billion during 2010—when the annual unemployment rate peaked at 9.6 percent—up from $33 billion in fiscal year 2007.
- Report
Between 2007 and 2010, unemployment benefits expanded nearly five-fold owing to high unemployment due to the weak economy, and decisions by policymakers to increase the number of weeks for which unemployed workers could receive benefits.
- Blog Post
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.
- Report
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, which was enacted in response to significant weakness in the economy.
- Graphic
What Accounts for the Slow Growth of the Economy After the Recession? - Infographic
- Blog Post
CBO regularly issues reports on the state of the budget and the economy, and today CBO released a study, What Accounts for the Slow Growth of the Economy After the Recession?, with an accompanying infographic providing background information that helps to explain the economic projections included in those reports.
- Report
During the three years following the recession in 2008 and 2009, the economy’s output grew at less than half the rate seen, on average, during other economic recoveries in the United States since the end of World War II.
- Report
Significant tax increases and spending cuts are slated to take effect in January 2013, sharply reducing the federal budget deficit and causing, by CBO’s estimates, a decline in economic output and an increase in unemployment.