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- Blog Post
I testified this morning to the House Budget Committee about the Long-Term Budget Outlook that CBO released yesterday. I explained that we had assessed that outlook under two very different assumptions about future policies for federal revenues and spending, and that the budgetary and economic outcomes under those two scenarios would be starkly different. I highlighted two specific implications of the long-term projections:
- Report
Chairman Ryan, Congressman Van Hollen, and Members of the Committee, thank you for inviting me to testify on the Congressional Budget Office’s (CBO’s) most recent analysis of the long-term outlook for the budget and the economy. My statement summarizes the report The 2012 Long-Term Budget Outlook, which CBO released yesterday.
- Blog Post
This morning CBO released the latest in its series of reports on the long-term budget outlook. CBO also published an infographic that highlights the key points of the report. Tomorrow, I will testify on the key findings of the report before the House Budget Committee.
- Report
Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945. Consequently, the amount of federal debt held by the public has surged.
- Cost Estimate
As ordered reported by the House Committee on Small Business on March 22, 2012
- Blog Post
In fiscal year 2011, federal expenditures for the Supplemental Nutrition Assistance Program (SNAP, formerly known as Food Stamps)—$78 billion—and participation in the program were the highest they have ever been. In an average month that year, about one in seven U.S. residents received SNAP benefits.
- Graphic
One in seven U.S. residents received benefits through the Supplemental Nutrition Assistance Program in 2011, at a total cost of $78 billion. Spending on SNAP benefits more than doubled between 2007 and 2011.
- Report
One in seven U.S. residents received benefits through the Supplemental Nutrition Assistance Program (SNAP) in 2011, at a total cost of $78 billion. Spending on SNAP benefits more than doubled between 2007 and 2011.
- Working Paper
Food Insufficiency and Income Volatility in U.S. Households: The Effects of Imputed Earnings in the Survey of Income and Program Participation
- Blog Post
The explosive path of federal debt that CBO projects under what many observers would view as current policies underscores the need for policy changes to put the nation on a sustainable course. In response to a request from House Budget Committee Chairman Paul Ryan, CBO examined a few alternative approaches for preventing deficits from growing in an unsustainable way.