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Congressional Budget Office

Donald Trump: Superhero To Billionaires

Leo W. Gerard | Posted 07.11.2016 | Politics
Leo W. Gerard

Trump's tax plan, his refusal to raise the minimum wage, his insistence that American workers make too much money, his anti-union stances, all endear him to his fellow 1 percenters. With pledges like these, Trump plans to guarantee that he - and his billionaire buddies ­- can continue taking too much.

New CBO Estimates Confirm: Social Security Benefits Are Modest

Paul N. Van de Water | Posted 02.18.2016 | Politics
Paul N. Van de Water

Social Security benefits replace only about 40 percent of an average retiree's recent earnings, new Congressional Budget Office (CBO) estimates show.

Latest CBO Figures Give Incomplete Picture of Health Reform

Edwin Park | Posted 02.01.2016 | Politics
Edwin Park

Some critics cite the Congressional Budget Office (CBO) estimates of enrollment in health reform's marketplaces to argue that health reform is losing ...

CBO: Senate-Passed Budget Bill Would Reverse Almost All of Health Reform's Coverage Gains

Edwin Park | Posted 12.04.2015 | Politics
Edwin Park

The Senate-passed budget reconciliation bill would boost the number of uninsured Americans by at least 22 million starting in 2018, relative to current law. Thus, virtually all (at least 92 percent) of the historic health coverage gains that CBO expects health reform to achieve by 2018 would be lost.

Congress Shorted 9/11 Responders By $12 Billion

The Huffington Post | Michael McAuliff | Posted 11.13.2015 | Politics

WASHINGTON -- When Congress rushed to finish a 9/11 health and compensation bill in 2010, just before Christmas, supporters of the legislation were fo...

Jonathan Cohn

Obamacare Repeal Would Swell The Deficit Even Using GOP's New Math, Budget Office Says | Jonathan Cohn | Posted 06.19.2015 | Politics

The economist that Republicans handpicked to run the Congressional Budget Office just told Republicans that one of their favorite arguments about Obam...

Winning the Competition

Rep. Charles Rangel | Posted 05.21.2016 | Politics
Rep. Charles Rangel

We must make certain that America remains a leader on the world stage. This will happen when we take the necessary time and money to advance our transportation system, which is an investment in our people and the future of America.

Jonathan Cohn

House Republican Budget Could Double The Number Of Uninsured | Jonathan Cohn | Posted 03.18.2015 | Politics

Worried about the number of Americans who still don’t have health insurance? If House Republican leaders get their way, the number will be much bigg...

Obama Budget Would Shrink Deficits By $1.2 Trillion Over 10 Years, CBO Says

Reuters | Posted 05.12.2015 | Politics

(Adds details from CBO report, comparison to White House claims) By David Lawder WASHINGTON, March 12 (Reuters) - Presi...

Jeffrey Young

Obamacare Subsidies To Cost Less Than Expected, CBO Says | Jeffrey Young | Posted 03.09.2015 | Politics

WASHINGTON -- The price tag for Obamacare will be lower than previously expected, independent federal auditors reported Monday in the latest downward ...

Spending to Close Education Gap Pays for Itself. Will GOP's Magic Math Model Ignore That One Too?

Ian Reifowitz | Posted 04.11.2015 | Politics
Ian Reifowitz

This week we've got another study. It quantifies the long-term return on dollars spent to close the gap in educational achievement between rich and poor students. But Republicans want to use "dynamic scoring" only on tax cuts for the rich.

Going, Going...

Douglas Holtz-Eakin | Posted 03.30.2015 | 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.

Michael McAuliff

Elizabeth Warren Explains How Anti-Obamacare Bill Is Corporate Welfare | 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 03.21.2015 | 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 03.21.2015 | 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 03.11.2015 | 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 | 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 03.10.2015 | 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 | 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 02.27.2015 | 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 02.21.2015 | 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 02.08.2015 | 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.


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.