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Congressional Budget Office

'Green News Report' - May 28, 2013

Brad Friedman and Desi Doyen | Posted 07.28.2013 | Green
Brad Friedman and Desi Doyen

TWITTER: @GreenNewsReport FACEBOOK: Green News Report The 'GNR' is also now available on your cell phone via Stitcher Radio's mobile app! IN TODAY'...

Reducing the Deficit Through Foreign Aid

David Weiss | Posted 07.21.2013 | World
David Weiss

Providing foreign aid means making a long-term investment in developing our aid partners, which results in both trade and security benefits for the U.S.

The Courage to Put Yourself on the Line

Mike Lux | Posted 07.20.2013 | Politics
Mike Lux

Hundreds of homeowners who have been playing by the rules while the big banks have cheated them are risking arrest at the Department of Justice to make an unmistakable statement: it is about time for the government to side with poor and middle class folks.

Report Details How Obama Plan Could Trim Deficit

AP | ALAN FRAM | Posted 07.17.2013 | Politics

WASHINGTON — President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in h...

Deficit Shrinks Far Faster Than Expected

Reuters | David Lawder and Labib Nasir | Posted 05.12.2014 | Politics

WASHINGTON, May 14 (Reuters) - The U.S. deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said...

2013 Deficit To Shrink To $642 Billion, Despite Prior Estimates

Posted 05.15.2013 | Politics

WASHINGTON (AP) — A new government estimate says the budget deficit for the current year will come in well below what was projected just a few month...

Devaluing Our Children

James S. Marks | Posted 07.06.2013 | Politics
James S. Marks

Economists tell us investments in our children pay off the most when made at the earliest ages. And isn't that what real investments are?

CBO Chief: The Middle Class Will Have To Pay For America's Debt Problem

The Huffington Post | Jillian Berman | Posted 05.03.2013 | Business

One government official has some bad news for Americans and politicians: You can’t protect the middle class from tax increases or benefit cuts if yo...

What Is the True Cost of Government-Backed Credit?

Deborah Lucas | Posted 06.22.2013 | Politics
Deborah Lucas

The government has a first-order effect on the allocation of capital and risk in the economy. And the question of what those commitments cost the public is important.

Immigration Bill Draws Criticism From Both Sides Of The Aisle

AP | ERICA WERNER | Posted 06.16.2013 | Politics

WASHINGTON — To some conservatives, it's amnesty. To some immigration advocates, it's unnecessarily punitive....

Big Pharma Pockets $711 Billion in Profits by Robbing Seniors, Taxpayers

Ethan Rome | Posted 06.08.2013 | Politics
Ethan Rome

Here's an outrage that must be changed: Big Pharma has been systematically price-gouging the Medicare program for seniors and people with disabilities -- and raking in billions in excessive profits.

Congress and the President Opt to Keep Sequester Instead of Delivering Responsible Solutions

Janis Bowdler | Posted 05.29.2013 | Latino Voices
Janis Bowdler

This is not what Latinos had in mind when we cast our votes in record numbers last fall. Latinos across this country took to the polls to elect lawmakers who they thought would have their backs, lawmakers who were committed to fighting for policies that would improve the economy.

The New Washington Economics

P. Gary Wyckoff | Posted 05.21.2013 | Politics
P. Gary Wyckoff

For every dollar we reduce the deficit this year, we sacrifice about two dollars and twenty cents in GDP. The cuts will also result in the loss of 750,000 jobs. So why are we doing this again?

Yes, the Ryan Budget Is Contractionary

Chad Stone | Posted 05.14.2013 | Politics
Chad Stone

If enacted, House Budget Committee Chairman Paul Ryan's budget would slow the economic recovery.  Chairman Ryan selectively uses Congressional Budget...

U.S. Wasted Billions Rebuilding Iraq

AP | LARA JAKES | Posted 05.05.2013 | World

WASHINGTON -- Ten years and $60 billion in American taxpayer funds later, Iraq is still so unstable and broken that even its leaders question whether ...

Congressional Republicans and the Sequestration Squeeze

Peter J. Ognibene | Posted 05.04.2013 | Politics
Peter J. Ognibene

Republicans on Capitol Hill have dug themselves into a deep and narrow chasm whose walls are about to close in. In a matter of weeks, they may find themselves squeezed mercilessly between their implacable right wing and constituents feeling the pain of sequestration.

New York Times Mum After Congressional Budget Office Rebukes Bungled Amgen/Medicare Investigation

Jon Entine | Posted 04.28.2013 | Media
Jon Entine

In a sharp rebuke of a New York Times investigation, an analysis by the nonpartisan CBO found that a last-minute provision added to the early January "fiscal cliff" bill could save taxpayers as much as $4 billion -- rather than costing $500 million, as the Times had claimed.

What We're Hearing: IBTTA Highway Finance Campaign is Moving America Forward

Patrick D. Jones | Posted 04.26.2013 | Politics
Patrick D. Jones

Anytime you undertake a major public campaign, you're quickly reminded that listening is even more important than speaking.

Just Say No: Sequestration Hurts Families

Nancy K. Kaufman | Posted 04.24.2013 | Politics
Nancy K. Kaufman

Congress must come to its senses before the country suffers a completely self-inflicted grievous wound that weakens our economy and imposes gratuitous hardship on the least fortunate.

Need to Start the Small Business Engines

Ed Crego, George Muñoz and Frank Islam | Posted 06.27.2013 | Small Business
Ed Crego, George Muñoz and Frank Islam

"Struggle" seems to be the operative word for the condition of small business today. Is there anything that can be done to help them in that struggle?

It's the Entitlements, Stupid!

Michael Farr | Posted 02.07.2013 | Business
Michael Farr

Yesterday, the Congressional Budget Office released its updated budget projections for 2013 through 2023. The new projections reflect all development...

The Key to Prosperity: Manufacturing American Jobs

Ed Crego, George Muñoz and Frank Islam | Posted 04.09.2013 | Politics
Ed Crego, George Muñoz and Frank Islam

It appears that the national conversation may be about to pivot from an almost obsessive concentration on big government and expense reduction to a concern for the well-being of the individual citizen and revenue generation.

The CBO Report: Six Things You Can't Talk About in Washington

Richard (RJ) Eskow | Posted 04.08.2013 | Politics
Richard (RJ) Eskow

The short version of the CBO's report is: Spending's going down, but we desperately need jobs. So how did the President and Congress respond? They kept arguing about who's got the better plan for making spending go down some more.

Federal Budget Outlook Offers Glimpse Into Health Care's Future

Jeffrey Young | Posted 04.07.2013 | Business
Jeffrey Young

The big headline from the Congressional Budget Office's latest projections on the economy and the federal budget is that the deficit dropped below $1 ...

CBO's New Budget/Economic Outlook

Jared Bernstein | Posted 04.07.2013 | Business
Jared Bernstein

CBO's out with a new budget and economic analysis today, and as you can imagine we're all just on shpilkes going through and picking out nuggets. In order to make a lot more sense out of the numbers, we have to adjust them to be on the baseline we believe to be most realistic.