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- Cost Estimate
As posted on the Web site of the House Committee on Rules (Committee Print 112-34) and subsequently amended on November 28, 2012
- Blog Post
In fiscal year 2012, the federal budget deficit surpassed $1 trillion for the fourth year in a row. If lawmakers maintained current policies by preventing most of the tax increases and spending cuts that are scheduled to occur in January, deficits would total almost $10 trillion over the next decade. Federal debt held by the public would increase from nearly 73 percent of gross domestic product (GDP) at the end of 2012 to 90 percent of GDP 10 years from now.
- Report
Are fiscal rules a useful tool for achieving budgetary goals? View the appendix of this report to learn more.
- Working Paper
Taxation of Owner-Occupied and Rental Housing
- Cost Estimate
As ordered reported by the Senate Committee on Indian Affairs on September 20, 2012 S. 65 would reauthorize the Native Hawaiian Housing Block Grant and Loan Guarantee programs and would authorize the appropriation of such sums as necessary for those programs for each fiscal year through 2015. In addition, the bill would authorize loans provided under title VI of the Native American Housing Assistance and Self- Determination Act of 1996 for each fiscal year through 2015 and would expand eligibility for that program to include the Department of Hawaiian Home Lands (DHHL).
- Cost Estimate
As ordered reported by the House Committee on Veterans’ Affairs on July 11, 2012 H.R. 5747 would reduce direct spending by extending for one month an expiring provision of law that limits pensions paid to certain veterans who are receiving Medicaid coverage in a Medicaid-approved nursing home.
- Cost Estimate
As ordered reported by the House Committee on Financial Services on September 12, 2012 H.R. 6361 would modify certain formulas for calculating subsidies to families that receive federal housing assistance. Assuming that future appropriations actions are consistent with the bill, CBO estimates that implementing H.R. 6361 would reduce discretionary spending for the affected programs by $270 million over the 2013-2017 period. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
- Cost Estimate
As introduced in the United States Senate on May 10, 2012 The Home Affordable Refinance Program (HARP) is administered by the Federal Housing Finance Agency (FHFA) to assist certain homeowners with refinancing mortgages that are guaranteed by Fannie Mae and Freddie Mac, also known collectively as the housing government-sponsored enterprises, or GSEs. S. 3085 would require the FHFA to expand the number of homeowners that are eligible to participate in HARP and reduce the initial costs of the program to homeowners. The bill also would:
- Blog Post
The federal government provides credit assistance to individuals and businesses in the form of direct loans and through guarantees of loans made by private financial institutions. In a report requested by the Chairman and Ranking Member of the Senate Budget Committee, CBO provides an illustrative analysis of the federal government’s costs for those credit programs following two approaches:
- Report
CBO provides an illustrative analysis of the federal government’s costs for credit programs following two approaches.