Cbo Report

Let's talk about the fiscal cliff -- you know, the one everyone's all wound up about? Well, the Congressional Budget Office just released their analysis of its potential impact on the economy and it ain't pretty. Add up all the stuff that's scheduled to turn into fiscal pumpkins at midnight on December 31, and you could get a serious impact on the economy. Unemployment would reverse course and start rising if that fiscal scenario remained in place -- but that's a big, important "if." All of the estimates assume we go off the cliff and don't climb back. But if, as Gail Collins imagines it, there's a bungee jump instead of a cliff dive, we can avoid the worst of this. One hopes that Congress can hammer the kind of compromise that has eluded them thus far -- the one that adds tax revenues to any agreement -- before the end of the year, or early next.

WASHINGTON — A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending ...

The Congressional Budget Office's report today tells us nothing we don't already know. We have made promises we cannot keep. We have too little revenue from a tax code that is an embarrassment and retards economic growth.

The Congressional Budget Office (CBO) Web site is being overloaded, as people flood to read its new report on the health care bill. The site CBO.gov ...

Corporate socialism remains at the center of our "uniquely American" failed, fragmented, U.S. health insurance model that emulates the Wall Street norm of privatized profit and socialized risk.

On Monday afternoon, critics of a major health care overhaul seized on a report from the Congressional Budget Office showing that a Democratic reform ...

As part of the alternative budget rollout on Tuesday, Rep. Paul Ryan published in a Wall Street Journal op-ed a chart plotting out the spending projec...

Last Tuesday, the AP reported on a leaked Congressional Budget Office (CBO) "analysis" that had concluded that "it will take years before an infrastru...

Aides to Barack Obama said the president is likely to spend more than $600 billion in stimulus cash in the next year and a half alone. The president'...

Reports of a recent study by the Congressional Budget Office, showing that the vast majority of the money in the stimulus package won't be spent until...