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- Blog Post
CBO released its Monthly Budget Review today. Based on data from the Daily Treasury Statements, CBO estimates that the federal budget deficit was about $438 billion in fiscal year 2008, $276 billion more than the shortfall recorded in 2007. (The Treasury Department will report the actual deficit for fiscal year 2008 later this month.)
- Blog Post
I am testifying before the House Committee on Education on Labor this afternoon on the effects of recent financial market developments on pensions; click here for the testimony. The key points of the testimony include:
- Report
Economic and Budget Issue Brief
- Cost Estimate
Cost estimate for the bill as reported by the Senate Committee on Homeland Security and Governmental Affairs on October 1, 2008
- Cost Estimate
Cost estimate for the bill as ordered reported by the Senate Committee on Indian Affairs on September 23, 2008
- Cost Estimate
Cost estimate for the bill as reported by the Senate Committee on Energy and Natural Resources on September 16, 2008
- Cost Estimate
Cost estimate for the bill as reported by the Senate Committee on Energy and Natural Resources on September 16, 2008
- Blog Post
CBO released a brief today on climate-change policy and CO2 emissions from passenger vehicles (for the PDF, click here). Discussions about addressing climate change (e.g., through a cap-and-trade program or a carbon tax) often focus on the transportation sector. The brief argues, however, that most of the reduction in CO2 emissions would occur in other sectors (e.g., the electricity sector) and that the effects on vehicle emissions would be modest, especially in the shorter run.
- Cost Estimate
Cost estimate for the bill as reported by the Senate Committee on Foreign Relations on September 23, 2008
- Report
The Cyclically Adjusted and Standardized Budget Measures