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Congressional Budget Office

Don't Forget the Millennials!

Harlan Green | Posted 07.16.2014 | 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 07.15.2014 | 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 07.14.2014 | 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 06.24.2014 | 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 06.16.2014 | 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 06.01.2014 | 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.

Jeffrey Young

Your Guide To The Latest Freakout Over Health Care Spending

HuffingtonPost.com | Jeffrey Young | Posted 04.30.2014 | Business

Health care spending appears to be on the rise after several years of historically low growth, provoking a minor freakout about whether the bad old da...

The Black Congressional Budget No One Ever Talks About

The Root | Charles D. Ellison | Posted 04.30.2014 | Black Voices

House Budget Committee Chairman Paul Ryan’s (R-Wis.) federal budget proposal, crowded with unrealistic cuts on critical social programs, is like a s...

Numbers Tell the Story of ACA's Success, But They Also Show Millions are Missing Out

Bob Semro | Posted 06.29.2014 | Politics
Bob Semro

Residents and health providers in some states will reap the benefits of the ACA while others will not. Whether the motivations for the divide result from a political strategy or an honest disagreement over the role of government, the consequences are very real.

CBO Report Finds Obama Budget Will Result In Larger Deficits Than Claimed

AP | ANDREW TAYLOR | Posted 06.17.2014 | Politics

WASHINGTON (AP) — A report released Thursday by the nonpartisan Congressional Budget Office says President Barack Obama's budget request would mean ...

Even Goldman Sachs Analysts Say A Minimum Wage Hike Wouldn't Be A Big Job Killer

The Huffington Post | Dave Jamieson | Posted 04.02.2014 | Politics

A recent analysis by Goldman Sachs found that the effects of a federal minimum wage increase on employment levels would be relatively modest, offering...

Arthur Delaney

Boehner's Double Standard On CBO Estimates

HuffingtonPost.com | Arthur Delaney | Posted 04.01.2014 | Politics

WASHINGTON -- House Speaker John Boehner (R-Ohio) says he is against restoring long-term jobless benefits because doing so wouldn't create jobs. "W...

Greenspan's Greed and the Federal Deficit

Harlan Green | Posted 05.28.2014 | Business
Harlan Green

We have you to thank, Dr. Greenspan, for those "opportunities for avarice" that resulted from of your unbridled enthusiasm for such policies at that time. It also brought on the Great Recession and record deficit we have today.

Make Hard Work Pay -- Again

Marian Wright Edelman | Posted 05.14.2014 | Politics
Marian Wright Edelman

The sad truth is you can work full time in America and not be able to meet your family's basic needs. A parent working full time at the federal minimum wage of $7.25 an hour earns $15,080 a year before taxes. That's $4,700 below the poverty level for a parent with two children.

Understanding CBO's Minimum-Wage Report

Scott Lilly | Posted 05.06.2014 | Politics
Scott Lilly

As the uproar over the CBO analysis demonstrates, the issue of whether jobs are gained or lost as a result of a minimum-wage increase depends largely on how we analyze the vast amount of research that has been conducted on the question over the past half-century.

White House: Jobless Rate Won't Fall To Pre-Recession Levels Until 2017

AP | By TOM RAUM | Posted 05.04.2014 | Politics

WASHINGTON (AP) — President Barack Obama's $3.9 trillion budget proposal for next year suggests the U.S. economic recovery that began in 2009 will c...

Obama To Campaign For Minimum Wage Hike Despite Opposition

Reuters | Posted 05.02.2014 | Politics

WASHINGTON, March 2 (Reuters) - President Barack Obama will take his campaign to increase the minimum wage on the road in the coming week in an effo...

Jason Linkins

Let's Do It! Let's Raise The Minimum Wage! Your Sunday Morning Conversation

HuffingtonPost.com | Jason Linkins | Posted 04.25.2014 | Politics

This week, the Congressional Budget Office has once again proven itself an able newsmaker, issuing a report scoring the economic impact of a proposal to raise the federal minimum wage from its current $7.25 per hour to $10.10 per hour. And once again, the CBO has produced a reality-based mixed bag.

Seeing Through the CBO's Minimum Wage Fog

Ralph Nader | Posted 04.21.2014 | Business
Ralph Nader

Both sides of the aisle are spinning the report, creating a fog around minimum wage policy that may further discourage a Walmart-influenced Congress from taking any action. Given the miserly state of the minimum wage today, such a can't-do attitude is unacceptable.

Why Democrats Are On Defense After The Minimum Wage Report

AP | ALAN FRAM | Posted 02.19.2014 | Politics

WASHINGTON (AP) — A report by Congress' nonpartisan budget analysts seems to have thrown Democrats onto the defensive after it concluded that the pa...

Here's What The New Report On The Minimum Wage Says

AP | Posted 02.18.2014 | Politics

WASHINGTON (AP) — Congress' nonpartisan budget analyst says raising the federal minimum wage as President Barack Obama and Democrats want would rais...