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- Report
Federal debt is projected to rise significantly over the long term. What policy changes could reduce future deficits and thus lower the trajectory of federal debt? What criteria might be used to evaluate those policy changes?
- Report
A carbon tax or cap-and-trade program could make emission-intensive U.S. products less competitive and increase emissions overseas. Import tariffs related to emissions could reduce those effects but would be hard to implement.
- Working Paper
Under a broad-based carbon tax or cap-and-trade program, some of the reduction in U.S. emissions would probably be offset by increases in foreign emissions, a phenomenon known as carbon leakage.
- Report
In 2012, the federal government spent $531 billion on investment—for physical capital; research and development; and education and training—which represented 15 percent of federal spending and 3 percent of GDP.
- Data and Technical Information
Effect of the Automatic Spending Reductions
- Cost Estimate
As ordered reported by the House Committee on Financial Services on November 14, 2013
- Working Paper
This paper shows that considering an aging population is important in analyzing long-term policy changes that involve intergenerational transfers.
- Blog Post
Earlier this week, Director Doug Elmendorf participated in a conference on the budget organized by the Rudman Center at the University of New Hampshire.
- Presentation
Presentation by Jeff Holland, Chief, Projections Unit, at the National Conference of State Legislatures
- Report
Extending emergency unemployment benefits would raise economic output and employment in 2014 relative to what would occur under current law, CBO estimates.