CBO Blog
-
Monthly Budget Review for March 2015
April 8, 2015The federal government ran a budget deficit of $430 billion for the first half of fiscal year 2015, CBO estimates—$17 billion more than the shortfall recorded in the same span last year.
Read More -
Hello From CBO's New Director
April 1, 2015I am both honored and thrilled to become the director of the Congressional Budget Office today. I thought I’d take this opportunity to briefly introduce myself. But first, I’d like to thank Doug Elmendorf for his outstanding leadership.
Read More -
A Review of CBO’s Activities in 2014 Under the Unfunded Mandates Reform Act
March 31, 2015Sixteen laws enacted in 2014 contain intergovernmental mandates and 26 contain private-sector mandates. Of the 539 bills that CBO analyzed in 2014, 47 contained intergovernmental mandates and 75 contained private-sector mandates.
Read More -
Transition at CBO
March 31, 2015Today is my last day as CBO Director; tomorrow, my successor will begin his term. It has been an extraordinary privilege to lead CBO for the past six years and to have the opportunity to work with my amazing colleagues.
Read More -
CBO's Policy for Its Panels of Advisers Regarding Political Activity and Financial Interests
March 30, 2015CBO requires that members of its panels of advisers and people being considered for the panels disclose any substantial political activity in which they may be involved and any significant financial interests they may have.
Read More -
Legislation Enacted in the 113th Congress That Will Affect Mandatory Spending or Revenues
March 26, 2015This report summarizes CBO’s estimates of the budgetary effects of laws enacted in the 113th Congress that will affect mandatory spending or revenues. Those laws were enacted in calendar years 2013 and 2014.
Read More -
Report on the Troubled Asset Relief Program—March 2015
March 18, 2015CBO estimates that, all told, the TARP’s transactions will cost the federal government $28 billion. That estimate accounts for the realized costs of completed transactions and the estimated costs of outstanding and anticipated transactions.
Read More -
Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Enzi, March 2015
March 18, 2015Under budgetary paths, but not particular policies, specified by Chairman Enzi, total deficits and debt would be smaller than under CBO’s baseline. Economic output would be lower in the next few years but higher thereafter.
Read More -
Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Price, March 2015
March 17, 2015Under budgetary paths, but not particular policies, specified by Chairman Price, total deficits and debt would be smaller than under CBO’s extended baseline. Economic output would be lower in the next few years but higher thereafter.
Read More -
CBO's Role in Budget Resolutions
March 17, 2015The Chairmen of the House and Senate Budget Committees have announced that the committees will be developing and voting on proposed budget resolutions this week. What are budget resolutions, and what is CBO’s role in this process?
Read More