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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
CBO estimated the budgetary impact of the activities of Fannie Mae and Freddie Mac using the methodology specified in the Federal Credit Reform Act of 1990.
- Blog Post
In September 2008, the federal government took control of Fannie Mae and Freddie Mac—two government sponsored enterprises (GSEs) that provide credit guarantees on more than half of the outstanding residential mortgages in the United States. Although they are not legally federal agencies, the government operates them to fulfill the public purpose of supporting the housing and mortgage markets. Therefore, CBO believes that it is appropriate to include the GSEs’ financial transactions in the federal budget.
- Report
The Budgetary Impact and Subsidy Costs of the Federal Reserve's Actions During the Financial Crisis
- Blog Post
Over the past several years, the nation has experienced its most severe financial crisis since the Great Depression of the 1930s. To stabilize financial markets and institutions, the Federal Reserve System used its traditional policy tools to reduce short-term interest rates and increase the availability of funds to banks, and created a variety of nontraditional credit programs to help restore liquidity and confidence to the financial sector. In doing so, it more than doubled the size of its asset portfolio to over $2 trillion and assumed more risk of losses than it normally takes on.
- Report
Testimony before the Subcommittee on Military Personnel, Committee on Armed Services, U.S. House of Representatives
- Report
Testimony prepared for the Joint Economic Committee, U.S. Congress