Economy

Options to Improve the Financial Condition of the Pension Benefit Guaranty Corporation’s Multiemployer Program The pensions of some 10 million people are insured by the Pension Benefit Guaranty Corporation’s multiemployer program. CBO projects future claims on the program and losses to its beneficiaries and analyzes potential policy changes.
Economy
Budgetary and Economic Effects of Repealing the Affordable Care Act CBO and the staff of the Joint Committee on Taxation estimate that, over the next decade, a repeal of the Affordable Care Act would probably increase budget deficits with or without considering the effects of macroeconomic feedback.
Economy
Federal Reinsurance for Terrorism Risk: An Update The federal program that provides insurance against the risk of terrorism expired at the end of 2014. CBO has examined various options for the program and their likely effects on the private sector and on the federal government.
Economy
Federal Policies and Innovation The federal government influences innovation through two broad channels: spending and tax policies, and the legal and regulatory systems. Policymakers have a number of options for spurring additional innovation.
Economy
The Effects of a Minimum-Wage Increase on Employment and Family Income Raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. But some jobs for low-wage workers would probably be eliminated and the income of those workers would fall substantially.
Economy
Choices for Deficit Reduction: An Update

Federal debt is projected to rise significantly over the long term. What policy changes could reduce future deficits and thus lower the trajectory of federal debt? What criteria might be used to evaluate those policy changes?

Economy
Border Adjustments for Economywide Policies That Impose a Price on Greenhouse Gas Emissions A carbon tax or cap-and-trade program could make emission-intensive U.S. products less competitive and increase emissions overseas. Import tariffs related to emissions could reduce those effects but would be hard to implement.
Economy
Modifying Mortgages Involving Fannie Mae and Freddie Mac: Options for Principal Forgiveness CBO examined three options for Fannie Mae and Freddie Mac to use principal forgiveness for certain underwater borrowers. How would those options affect the number of mortgage defaults, the federal budget, and the overall economy?
Economy
Unemployment Insurance in the Wake of the Recent Recession Between 2007 and 2010, unemployment benefits expanded nearly five-fold owing to high unemployment due to the weak economy, and decisions by policymakers to increase the number of weeks for which unemployed workers could receive benefits.
Economy
Choices for Deficit Reduction

Are fiscal rules a useful tool for achieving budgetary goals? View the appendix of this report to learn more.

Economy
Energy Security in the United States Improving energy security—the ability of U.S. households and businesses to accommodate disruptions of supply in energy markets—requires considering policies related to the nation’s supply of and demand for oil.
Economy
The Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market Testimony before the Committee on the Budget, U.S. House of Representatives
Economy