Congressional Budget Office
WASHINGTON, DC - APRIL 19: U.S. Sen. Charles Schumer (D-NY) (2nd R) talks to President of the American Action Forum and former Congressional Budget Office Director Douglas Holtz-Eakin (L) as Committee chairman Sen. Patrick Leahy (D-VT) (2nd L) and Sen. Dianne Feinstein (D-CA) (R) look on prior to a hearing before the Senate Judiciary Committee April 19, 2013 on Capitol Hill in Washington, DC. The committee held a hearing on 'Comprehensive Immigration Reform Legislation.'
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Quotes
You requested that the Congressional Budget Office (CBO) provide a cost estimate for that legislation
A range of independent estimates have confirmed the effectiveness of the President’s actions ... According to the non-partisan Congressional Budget Office, the Recovery Act supported as many as 3.5 million jobs across the country by the end of last year.
Simply eliminating the payroll tax earnings cap would, according to the Congressional Budget Office, solve the financial crisis facing the Social Security system.More quotes »
Newsday's coverage
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New college student-loan rates may double
loans exceeding $25,000; 1 in 10 borrowers owes more than $54,000 in loans. And student-loan debt now tops $1 trillion.The Congressional Budget Office estimates that of the almost $113 billion in new student loans the government made this year, more than $38 Read more »
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Pincus: Who will stop kicking the fiscal can down the road?
- increased the budget deficit for this year by $330 billion, and through fiscal 2022 by almost $4 trillion, says the Congressional Budget Office .Though that action postponed the "fiscal cliff" and is known for raising taxes on those earning more than $450,000 Read more »
Around the web
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Obama's "Deficit Reduction" Budget Is Almost All Tax Hikes
went largely unnoticed at the end of last week due to the Obama scandalpalooza, but the Congressional Budget Office's score of President Obama's budget was released on Friday afternoon. The short summary is that a combination of tax hikes and spending cuts 7 m ago from Town Hall Read more »
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CBO – US Economy Set To Soar On Obamacare?
Congressional Budget Office put conservative economic thinkers on their ass this week. In this Report (pdf), the CBO concluded that the US budget deficit is about to collapse to insignificance. The improvement in the deficit outlook is so large that it has 48 m ago from iStockAnalyst Read more »
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U.S. debt limit resets at higher level, budget impasse grinds on
Lew said last week that the department could continue paying the government's bills until after Sept. 2, while the Congressional Budget Office has said the deadline may stretch as late as November, given the recent strength of U.S. revenues. House Republicans 6:19 PM from The Edge Malaysia Read more »
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GOP’s goal isn’t deficit reduction. It’s gutting the safety net.
in 2011, and ending this January. Not only has Congress accomplished its goals with regards to deficit reduction — the Congressional Budget Office projects a $642 billion budget deficit for fiscal year 2013, down $200 billion from its projection at the beginning 11:25 AM from The Washington Post Read more »
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Obama ‘needs to focus on jobs’
The opportunity to make a broad shift toward the economy might have presented itself this week, when the nonpartisan Congressional Budget Office predicted that the budget deficit for 2013 will be $642-billion - lower than estimated and half of the record $1.4-trillion 2:17 AM from Independent Online (South Africa) Read more »
