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- Report
On an annualized basis, the funding provided by the continuing resolution would exceed the statutory caps by $19 billion. Defense funding would exceed its cap by about $20 billion; nondefense funding would be about $1 billion below its cap.
- Presentation
Presentation to the National Association for Business Economics by Jeffrey Holland, Projections Unit Chief, Budget Analysis Division.
- Report
CBO considers most leases of medical facilities by the Department of Veterans Affairs akin to government purchases and concludes—as it does in like cases—that the full costs should be recorded in the budget when VA enters into the leases.
- Blog Post
Past experience indicates that CBO will receive lots of questions about the House’s and Senate’s proposed budget resolutions and about CBO’s “estimates” of their impact. This blog post explains a bit about them.
- Report
The federal government supports infrastructure investment in a variety of ways. It spends money directly, makes grants to state and local governments for their capital spending and, through the tax system, subsidizes the borrowing of both of those levels of government as well as certain private entities to finance infrastructure projects.
- Report
Letter to the Honorable Judd Gregg
- Blog Post
Today CBO released a letter that contains an estimate of the change in federal costs, adjusted for the cost of market risk, that might result from enactment of the Presidents proposal to prohibit new federal guarantees of student loans and to replace those guarantees with direct loans made by the Department of Education.
- Blog Post
YesterdayCBO released a brief that analyzes intergovernmental issues in the context of The Unfunded Mandates Reform Act of 1995 (UMRA). UMRA focuses attention on federal requirements imposed on state, local, and tribal governments and the private sector that are not conditions for receiving federal aid. The law specifies which types of requirements should or should not be considered mandates, establishes procedures that govern Congressional consideration of such mandates, and directs CBO to estimate the costs of mandates.
- Report
UMRA took effect in 1996; since then the Congress has enacted few federal mandates, as defined in the law, that have imposed significant costs on state and local governments.
- Report
Letter to the Honorable Paul Ryan