International Trade and Finance

CBO issues a volume that contains short descriptions of 59 policy options that would each reduce the federal budget deficit by less than $300 billion over the next 10 years.

How much do companies benefit from corporate inversions? In this report, CBO analyzes the reasons for and effects of inversions. CBO also projects how inversions and certain other strategies will affect future U.S. corporate tax revenues.

In emerging market economies, governments issue debt denominated both in their own currency and in foreign currencies. This paper examines how the use of those two types of debt affects these economies.

The United States has 14 preferential trade agreements with 20 of its trading partners. In CBO's view, the consensus among economic studies is that, all told, such agreements have had small positive effects on the U.S. economy.

CBO notes that there is no identifiable "tipping point" of debt relative to the nation’s output that would indicate that a fiscal crisis is likely or imminent. However, the ratio of federal debt to GDP is climbing into unfamiliar territory.