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- Blog Post
CBO’s Director, Phillip Swagel, discusses the agency’s budget and economic analysis during the pandemic.
- Blog Post
The opening statement of Joseph Kile, CBO’s Director of Microeconomic Analysis, on the long-term solvency of the Highway Trust Fund before the Senate Committee on Environment and Public Works.
- Blog Post
Last month, Members of Congress asked CBO about budgetary and economic issues related to infrastructure and investment. This blog post provides additional information about those issues and highlights some of CBO’s related work.
- Blog Post
CBO has assessed how much the supply of various types of renewable fuels would have to increase over the next several years to comply with the Renewable Fuel Standard (RFS), and how food and fuel prices would vary in three scenarios.
- Blog Post
Following a hearing on the budget and economic outlook, a Member of Congress asked whether federal investment or reductions in federal deficits and debt would be better for economic growth. Today's post provides that answer.
- Blog Post
CBO examined 28 options that encompass a broad range of discretionary programs. About a third of the options would affect defense programs; the rest are for nondefense programs.
- Blog Post
Buyers of new electric vehicles receive federal tax credits of up to $7,500. How do the credits compare to the total lifetime cost of owning those vehicles and to the reduction in gasoline use and greenhouse gas emissions from driving them?
- Blog Post
CBO projects that, starting in 2015, the highway account of the Highway Trust Fund will have insufficient revenues to meet its obligations, resulting in steadily accumulating shortfalls.
- Blog Post
CBO estimates that federal policies to promote the manufacture and purchase of electric vehicles (including some policies that support other types of fuel-efficient vehicles) will have a total budgetary cost of about $7.5 billion through 2019. Tax credits for buying electric vehicles—which account for about one-fourth of that budgetary cost—are likely to have the greatest impact on vehicle sales. Today CBO released a study on the effects of federal tax credits for the purchase of electric vehicles. CBO finds that:
- Blog Post
If future government spending on surface transportation infrastructure matched recent amounts, the condition of the highway and transit systems would probably deteriorate. To increase the funding available for infrastructure projects and to improve the selection process for those projects, some analysts and policymakers have suggested the creation of an “infrastructure bank.” In a report released today, CBO analyzes an illustrative federal infrastructure bank—one that is representative of those in many recent proposals.