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Congressional Budget Office

Going, Going...

Douglas Holtz-Eakin | Posted 01.28.2015 | Politics
Douglas Holtz-Eakin

The Congressional Budget Office just released the 2015 version of its Budget and Economic Outlook. The really important development was that CBO confirmed its pessimistic view of the future of the U.S. economy, pegging the long-run growth potential at 2.2 percent.

Deficit To Shrink To Lowest Level Of Obama Presidency, CBO Says

AP | Posted 01.27.2015 | Politics

WASHINGTON (AP) — Solid economic growth will help the federal budget deficit shrink this year to its lowest level since President Barack Obama took ...

Michael McAuliff

Elizabeth Warren Explains How Anti-Obamacare Bill Is Corporate Welfare

HuffingtonPost.com | Michael McAuliff | Posted 01.22.2015 | Politics

WASHINGTON -- A bill that would redefine a full-time work week under the Affordable Care Act as 40 hours instead of 30 actually amounts to a break for...

Medicaid For Kids Largely Pays For Itself: Who Thinks The GOP's Magic Math Model Will Count That?

Ian Reifowitz | Posted 01.19.2015 | Politics
Ian Reifowitz

We're talking about something that requires far harsher condemnation. By lying about the numbers, Republicans are selling policies that take from the most vulnerable and give to the most fortunate.

Selling Out for Big Business: Business as Usual on Capitol Hill

Wendell Potter | Posted 01.19.2015 | Politics
Wendell Potter

In coming weeks, we can expect the Republican-controlled Congress to push two Obamacare bills that would hike profits for some businesses. What we can't expect, from either Republicans or Democrats, unfortunately, is any effort to help families, even those with insurance, to stay out of bankruptcy court because of mounting medical bills.

When Congress Cooks the Budget Books, the Rest of Us Get Burned

Frank Clemente | Posted 01.09.2015 | Politics
Frank Clemente

What if a losing team could simply change the scoring system so it looked like it was winning? That's what Republicans in Congress recently decided to do after 35 years of pushing a losing policy of trickle-down economics.

Michael McAuliff

House Passes Bill To Weaken Obamacare

HuffingtonPost.com | Michael McAuliff | Posted 01.08.2015 | Politics

WASHINGTON -- In yet another attempt to roll back President Barack Obama's Affordable Care Act, House Republicans passed a bill Thursday that they sai...

GOP Begins Assault on Elderly, Poor, Disabled, Math, and Reason

Richard Zombeck | Posted 01.08.2015 | Politics
Richard Zombeck

The 114th Congress was sworn in on Tuesday, opening the flood gates to legislation that will potentially damage the economy, hurt the middle class and the poor, and leave the retired Americans in the worst financial shape they've been in for years.

Michael McAuliff

Latest GOP Obamacare Bill Could Add $53 Billion To Deficit

HuffingtonPost.com | Michael McAuliff | Posted 01.08.2015 | Politics

WASHINGTON -- One of the House Republican leadership's first bills of the new Congress will add some $53 billion to the deficit and cost hundreds of t...

The Republican's Magical Mystery Tour (Starting Next Week)

Robert Reich | Posted 12.28.2014 | Politics
Robert Reich

According to reports, one of the first acts of the Republican Congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won't use "dynamic scoring" for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side "trickle-down" economics. It's based on the belief that cutting taxes unleashes economic growth and thereby produces additional government revenue. Supposedly the added revenue more than makes up for what's lost when Congress hands out the tax cuts. Dynamic scoring would make it easier to enact tax cuts for the wealthy and corporations, because the tax cuts wouldn't look as if they increased the budget deficit.

Republicans Weigh Big Changes

Reuters | Posted 12.22.2014 | Politics

By David Lawder WASHINGTON, Dec 22 (Reuters) - When Republicans take full control of Congress on Jan. 6, they will face decisions on m...

Honor the Budget Wonks

Jerry Jasinowski | Posted 12.09.2014 | Business
Jerry Jasinowski

One of the bitterest battles in Washington is the quadrennial squabble over who will lead the Congressional Budget Office, Congress' counterpart to the Office of Management and Budget.

SHADOW BOXING IN A CHANGED WORLD

Frank A. Weil | Posted 12.24.2014 | Politics
Frank A. Weil

One hundred years ago, the world was on the brink of World War I. Airplanes were just being figured out, tanks had yet to be made or used, dreadnought...

What Explains the Election Results? It's (Still) the Economy

Dennis M. Kelleher | Posted 01.10.2015 | Politics
Dennis M. Kelleher

No one should be surprised that the American people are economically insecure and anxious. Seven in 10 voters said the nation's economy is in bad shape. Voters who said the economy was important to them voted 2 to 1 for Republicans.

Obamacare Is Making a Difference, But Here's What We Must Tackle Next

Wendell Potter | Posted 12.07.2014 | Politics
Wendell Potter

We still spend more per capita on health care than any other country. In that sense, the law doesn't do enough to address the "real cost drivers" of medical inflation.

Don't Forget the Millennials!

Harlan Green | Posted 09.15.2014 | Business
Harlan Green

If GDP growth is that dependent on workforce growth, and 1990s growth repeats itself -- which was the longest uninterrupted economic expansion in our history that also gave us four years of budget surpluses -- then we may see the next generation about to take charge. They could turn out to be much more industrious than we know!

GOP Rep Gets Schooled By Economist During Tense Exchange

The Huffington Post | Chris Gentilviso | Posted 07.28.2014 | Politics

Leave it to one of the country's top economists to fill in Congress on how a key federal agency works. During a Wednesday morning House Budget Comm...

New CBO Long-Term Budget Projections Tell Familiar Story

Paul N. Van de Water | Posted 09.14.2014 | Politics
Paul N. Van de Water

The Congressional Budget Office's new long-term budget projections, released today, are very similar to those that CBO published in September 2013 and to ones that we released in May 2014. They show that the nation's fiscal outlook is stable for the rest of this decade and then worsens gradually.

Finally! Someone Explains What All Those Obamacare Numbers Mean!

Anthony W. Orlando | Posted 09.10.2014 | Politics
Anthony W. Orlando

You're going to hear a lot about Obamacare this fall, especially from Republicans. They'll try to convince you that it was a bad deal. They'll throw numbers at you to make you think that the cost of health insurance is spiraling out of control. In all likelihood those numbers will be incorrect, but how will you know?

GOP Candidate Downplays The Struggle Of Living On Minimum Wage

The Huffington Post | Alex Lazar | Posted 07.09.2014 | Politics

Ed Gillespie downplayed the difficulties of living on the minimum wage in a video of the Republican Senate candidate speaking to voters in Virginia Be...

Lawmakers Slam Veterans Health Bill Cost Estimate

Reuters | Posted 08.24.2014 | Politics

By David Lawder WASHINGTON, June 24 (Reuters) - Cost estimates of up to $50 billion a year for a veterans emergency medical care bill ...

Insurers Are Fleecing Us Out of Billions While Congress Looks the Other Way

Wendell Potter | Posted 08.16.2014 | Politics
Wendell Potter

A year-long investigation by the Center for Public Integrity has revealed that health insurers may have fleeced taxpayers out of $70 billion in just five years.

GOP Senator Apologizes For Midget Comment

The Huffington Post | Alex Lazar | Posted 06.06.2014 | Politics

Sen. Bob Corker (R-Tenn.) apologized Thursday for describing some of his fellow senators and their referencing of Congressional Budget Office (CBO) sc...

Political Gridlock Is an Enemy of Children

Bruce Lesley | Posted 08.01.2014 | Politics
Bruce Lesley

With important issues facing our nation, very little is getting done. And for our nation's children, stalemate in Congress precludes action on addressing a wide array of problems.

Dehumanizing the Poor for Fun and Profit

Leo W. Gerard | Posted 07.05.2014 | Politics
Leo W. Gerard

The average net worth of the 41 GOP senators who opposed the first minimum wage increase in half a decade is $6.26 million.