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- Blog Post
Today CBO released the latest in a series of statutory reports on transactions undertaken as part of the Troubled Asset Relief Program (TARP)—the program established in October 2008, during the financial crisis, to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of “troubled assets.”
- Graphic
Troubled Asset Relief Program: Infographic
- Report
Congress created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets.
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Infographic
- Blog Post
The federal government's finances are pretty complicated and not always easy to understand,and most of CBO's reports about the budget outlook are fairly lengthy and detailed. In fact, one of the questions we're most frequently asked is how much the government spends and takes in each year. For those who are not very familiar with the budget, finding the answer is sometimes harder than it should be.
- Blog Post
The federal budget deficit was close to $240 billion for the first two months of fiscal year
- Report
The federal budget deficit was close to $240 billion for the first two months of fiscal year 2012, more than $50 billion below the deficit recorded through November of last year, CBO estimates.
- Blog Post
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. As a share of the nation’s gross domestic product (GDP), the deficit declined slightly—from 9.0 percent in 2010 to 8.7 percent in 2011—but nonetheless it was the third-highest deficit as a share of GDP since 1945.
- Report
The federal government recorded a total budget deficit of $1.3 trillion in fiscal year 2011, almost identical to the deficit it incurred in 2010.
- Blog Post
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. The presentation addressed numerous questions, including: