Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2019 would result in savings of $37.4 billion. But using fair-value procedures, CBO estimates that they would have a lifetime cost of $37.9 billion.
- Blog Post
CBO released a report on its “rules of thumb” that shows how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own scenarios.
CBO has developed “rules of thumb” that show how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own alternative scenarios.
In 2017, the government financed roughly $100 billion in student loans and provided about $30 billion in grants and $30 billion in tax preferences. This report examines the impact of such aid and a number of approaches to changing it.
If current laws remain generally unchanged, CBO projects, federal budget deficits and debt would increase over the next 30 years—reaching the highest level of debt relative to GDP in the nation’s history by far.
- Blog Post
Today CBO released The 2018 Long-Term Budget Outlook. The report finds that if current laws generally remained unchanged, growing budget deficits would boost debt sharply in coming years.
In 2016, students pursuing higher education received about $91 billion in financial support from federal spending programs and tax expenditures. This report examines the distribution of that assistance among households, by income group.
These slides provide an overview of CBO’s microsimulation tax model.
Presentation by Shannon Mok, an analyst in CBO’s Tax Analysis Division, for a panel organized by the Department of Health and Human Services, Office of the Assistant Secretary for Planning and Evaluation, and Institute for Research on Poverty at the University of Wisconsin.
- Working Paper
How Nominal Foreign Currency Depreciation Against the U.S. Dollar Affects U.S. Wealth: Working Paper 2018-05
This paper examines how a 20 percent depreciation of foreign currencies with respect to the U.S. dollar affects the wealth of U.S. residents and evaluates how that effect would be distributed across U.S. households by income group.