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- 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.
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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.
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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.
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Letter to the Honorable Paul Ryan
- Blog Post
Today CBO delivered a letter to Representative Paul Ryan that responded to his request for an analysis of H.R. 2920, the Statutory Pay-As-You-Go Act of 2009. H.R. 2920 is virtually identical to the proposal recently advanced by the Administration. It would establish a new statutory form of pay-as-you-go (PAYGO) budget enforcementwhich is generally intended to ensure that laws affecting direct (mandatory) spending or revenues are, in total, budget neutral.
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Economic and Budget Issue Brief
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Letter to the Honorable Kent Conrad
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Letter to the Honorable Paul Ryan