Political News Daily

Congressional Budget Office News

US CBO Estimates $95B Aug Deficit; $8b Less Vs Year Ago - IMarketnews.com

2010-09-07
US CBO Estimates $95B Aug Deficit; $8b Less Vs Year AgoIMarketnews.comWASHINGTON (MNI) - The following is the text of the US Congressional Budget Office's August Budget Review with it's estimate for last month's deficit. ...and more »

Obama Business Tax Cut `Invitation to Arbritrage' Gaming, Tax Experts Say - Bloomberg

2010-09-07
Reuters IndiaObama Business Tax Cut `Invitation to Arbritrage' Gaming, Tax Experts SayBloombergIn a 2006 report, the nonpartisan Congressional Budget Office said that past proposals to permit full deductions of capital investments “typically are ...Obama's former budget director now takes different view on tax cutsUSA TodayWhite House stands firm on tax cutsThe Hill (blog)The Obama EconomyWall Street JournalThe Economist (blog) -Waterbury Republican American -Oil & Gas Journalall 4,288 news articles »

30 options for reforming Social Security -- and how much they'll save - Washington Post (blog)

2010-09-07
30 options for reforming Social Security -- and how much they'll saveWashington Post (blog)This chart comes from the Congressional Budget Office's report on 'Policy Options in Social Security,' and it shows both what people think they are, ...and more »

Should you believe the CBO when it says the stimulus reduced unemployment? - Washington Post (blog)

2010-08-27
Reuters (press release)Should you believe the CBO when it says the stimulus reduced unemployment?Washington Post (blog)On Wednesday, Dylan Matthews cited the Congressional Budget Office's estimate of how much lower the unemployment rate is than it would have ...Stimulus Boosted Jobs in 2nd Quarter, CBO SaysWall Street JournalStimulus Figures Questioned Amid Call for Economic Team FiringsFOXNewsNew price tag for stimulus: $814 billionChristian Science MonitorCNSNews -HealthLeaders Media -ModernHealthcare.comall 193 news articles »

4 Ways President Obama Can Sell a Second Stimulus - Politics In Color

2010-09-07
4 Ways President Obama Can Sell a Second StimulusPolitics In ColorAccording to the Congressional Budget Office (CBO) report from April 2010 through June 2010 the Act has raised real (inflation-adjusted) gross domestic ...Action to Boost Consumption and Bring Unemployment DownCenter For American ProgressObama's Next Economic Plan: Don't Use the S Word!TIMEall 12 news articles »

Iraq Withdrawal Squeezes Defense Companies - Forbes

2010-09-07
Iraq Withdrawal Squeezes Defense CompaniesForbesAccording to the Congressional Budget Office, annual defense spending is nearly 25% of the total US budget, having grown nearly 9% a year since 2000. ...and more »

CBO: Eight Years of Iraq War Cost Less Than Stimulus Act - FOXNews

2010-08-30
WLSCBO: Eight Years of Iraq War Cost Less Than Stimulus ActFOXNewsAs President Obama prepares to tie a bow on US combat operations in Iraq, Congressional Budget Office numbers show that the total cost of the eight-year war ...CBO Report Shows Stimulus Plan Had Positive Effects On EconomyCity Town Info Education ChannelThe red ink must stopFort Dodge MessengerCBO: US war in Iraq costs $709bnPress TVNew York Post -Washington Examiner (blog) -World News Heard now (blog)all 81 news articles »

Keeping tax cuts beneficial in short term, harmful over long term, CBO says - Washington Post

2010-08-19
CBC.caKeeping tax cuts beneficial in short term, harmful over long term, CBO saysWashington PostThe director of the nonpartisan Congressional Budget Office said on Thursday that permanently extending tax cuts put in place under ...CBO Estimates 2010 Deficit At $1.34 TlnWall Street JournalMore tough economic times forecast by CBOReutersStimulus and tax cuts now, smaller economy later, CBO report saysChristian Science MonitorAFP -USA Today -The Hill (blog)all 595 news articles »

New economic plan released for America: Spend more - Washington Times

2010-09-07
New economic plan released for America: Spend moreWashington TimesThe Congressional Budget Office just released a report on the stimulus plan. It states that the plan provides funds to states and localities for such things ...

The reality of a total victory in Iraq is just a dream - UTA The Shorthorn

2010-09-07
The reality of a total victory in Iraq is just a dreamUTA The ShorthornThe Congressional Budget Office estimates the cost of the Iraq war has been more than $700 billion. The sacrifice has been both burdening in terms of the ...and more »

Director's Blog » Blog Archive » The Federal Budget Deficit So Far ...

2010-09-07
CBO recently released its latest annual budget estimates for 2010 and beyond in the Budget and Economic Outlook: An Update. CBO estimates that the deficit for 2010 will be about $70 billion below last year's total, but will still exceed ...

Congressional Budget Office: Sometimes Wonks Have To Explain Their ...

2010-08-27
Allow me to state for the record that I have great sympathy for the dedicated professionals at the Congressional Budget Office. In Washington's partisan environment, they are everybody's fair-weather friend.

Director's Blog » Blog Archive » Estimated Impact of the Stimulus ...

2010-08-24
When ARRA was being considered, CBO and the staff of the Joint Committee on Taxation estimated that it would increase budget deficits by $787 billion between fiscal years 2009 and 2019. CBO now estimates that the total impact over the ...

Statement by the Vice President on New CBO Report on Employment ...

2010-08-24
Vice President Joe Biden today issued the following statement on a new report from the Congressional Budget Office on the employment and economic impact of the American Recovery and Reinvestment Act: “This new analysis from the ...

CBO Budget Baseline Shows that Soaring Spending is Drowning ...

2010-08-19
The Congressional Budget Office (CBO) has updated its 10-year budget baseline, and America's fiscal outlook continues to worsen.

CBO: Stimulus Lowers Jobless Rate By Up To 1.8 Points - Washington ...

2010-08-24
A new report by the non-partisan Congressional Budget Office on the impact of the stimulus program estimated that the plan lowered the unemployment rate by between 0.7 percentage points and 1.8 percentage points.The CBO report, released ...

CBO: Stimulus Added Millions Of Jobs In Second Quarter

2010-08-24
WASHINGTON (Reuters) - The massive US stimulus package put millions of people to work and boosted national output by hundreds of billions of dollars in the second quarter, the nonpartisan Congressional Budget Office said on Tuesday.

Director's Blog » Blog Archive » Federal Debt and the Risk of a ...

2010-07-27
In a brief ("Federal Debt and the Risk of a Fiscal Crisis") released today, CBO notes that there is no identifiable “tipping point” of debt relative to the nation's output (gross domestic product, or GDP) that would indicate that such a ...

CBO Report Shows Stimulus Plan Had Positive Effects on Economy

2010-08-30
In a report by the Congressional Budget Office (CBO), it was estimated that ARRA increased the number of employed Americans by between 1.4 million and 3.3 million and lowered the unemployment rate by between 0.7 percentage points and ...

CBO Admits their Stimulus Jobs Count Ignored the Economy's Actual ...

2010-03-23
The CBO effectively pre-ordained its conclusion that the stimulus worked regardless of what actually happened in the economy.

For Members

2010-09-07
Last week, the Congressional Budget Office released a report claiming that the $814 billion "stimulus" has added 3.4 million net jobs. This surely comes as a surprise to the 3.5 million Americans who have lost their jobs and remained unemployed since the stimulus was enacted in February 2009.

The Politics Of A Tax Hike

2010-09-07
A full-blown congressional debate on the expiring 2001 and 2003 tax cuts will unfold this fall, but some lawmakers have already weighed in on the most controversial issue: whether it makes sense, at a time of huge budget deficits, to extend tax relief for those earning more than $250,000.

The harsh math behind Obama's tax-cut pledge

2010-09-07
The former budget director makes a strong case against Obama's position on tax cuts.

Going Against Former Boss, Obama’s Former Budget Director Says Bush Tax Cuts Should Be Extended for Two Years

2010-09-07
In his inaugural column for the New York Times, President Obama’s former director of the Office of Management and Budget, Peter Orszag, suggests a compromise in the pending battle over whether the Bush tax cuts, set to expire at the end of this year, should be extended. Office of Management and Budget - New York Times - Barack Obama - Peter R. Orszag - President

The Treasury's New Research Office

2010-09-07
Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the ...

IED detectors near brink in Pentagon budget

2010-09-07
The Pentagon is eyeing cuts in a war office thought to be untouchable: the organization that devises ways to foil the No. 1 killer of U.S. troops in Afghanistan. Officials say the Joint Improvised Explosive Device Defeat Organization (JIEDDO) has done good work in developing jammers and detection equipment to ...

Iraq Withdrawal Squeezes Defense Companies

2010-09-07
With withdrawal in Iraq and later Afghanistan, several contractors are headed for tough times.

Congress outsourcing ethics work

2010-09-07
The Office of Congressional Ethics has contracted out more than $500,000 of work over the past year.

P-Noy’s budget

2010-09-07
Last week I decided to drop by the opening-day budget hearings of the Congressional appropriations committee. It was also my very first time to visit the Batasan compound, which I duly found to be pretty impressive, except for the lack of parking space.

Congressional campaigns gearing up

2010-09-07
Waugh, Bayne seeking Cantor's Seventh District seat

Medical Devices gaps | our health care system in crisis: Congressional Budget Office estimates that the reform of ... http://bit.ly/cvpZx9

2010-09-07
Medical Devices gaps | our health care system in crisis: Congressional Budget Office estimates that the reform of ... http://bit.ly/cvpZx9

Small Businesses Stand to Reap Big Rewards from Health Tax Credit, Report Finds: The Congressional Budget Office, ... http://bit.ly/ahv1Yh

2010-09-07
Small Businesses Stand to Reap Big Rewards from Health Tax Credit, Report Finds: The Congressional Budget Office, ... http://bit.ly/ahv1Yh

Small Businesses Stand to Reap Big Rewards from Health Tax Credit, Report Finds: The Congressional Budget Office, ... http://bit.ly/dh7uZv

2010-09-07
Small Businesses Stand to Reap Big Rewards from Health Tax Credit, Report Finds: The Congressional Budget Office, ... http://bit.ly/dh7uZv

Our ailing medical malpractice system: The Congressional Budget Office estimates that tort reform could reduce med... http://bit.ly/ciZZMB

2010-09-07
Our ailing medical malpractice system: The Congressional Budget Office estimates that tort reform could reduce med... http://bit.ly/ciZZMB

Congressional Budget Office - CBO Named One of the Best Places to ...: The Congressional Budget Office was named o... http://bit.ly/bNq974

2010-09-06
Congressional Budget Office - CBO Named One of the Best Places to ...: The Congressional Budget Office was named o... http://bit.ly/bNq974

Nonpartisan Congressional Budget Office says Stimulus added millions of jobs http://tinyurl.com/232rzec

2010-09-06
Nonpartisan Congressional Budget Office says Stimulus added millions of jobs http://tinyurl.com/232rzec

Congressional Budget Office says stimulus package put millions to work: http://us.mobile.reuters.com/article/idUSTRE67N55X20100824?ca=rdt

2010-09-06
Congressional Budget Office says stimulus package put millions to work: http://us.mobile.reuters.com/article/idUSTRE67N55X20100824?ca=rdt

@edhenrycnn Congressional Budget Office report of August 2010 - stated that Stimulus Package saved, and created 3.3 MILLION jobs. GO READ!

2010-09-06
@edhenrycnn Congressional Budget Office report of August 2010 - stated that Stimulus Package saved, and created 3.3 MILLION jobs. GO READ!

Dave Ramsey on Congressional Budget Office's number-crunching ...: Watch free videos online. Thousands to choose f... http://bit.ly/9zZtTv

2010-09-06
Dave Ramsey on Congressional Budget Office's number-crunching ...: Watch free videos online. Thousands to choose f... http://bit.ly/9zZtTv

AK Pride says: Congressional Budget Office Reports America's Annual Deficit Will Be $1.3 Trillion For 2010; Obama ... http://bit.ly/bNZi5r

2010-09-06
AK Pride says: Congressional Budget Office Reports America's Annual Deficit Will Be $1.3 Trillion For 2010; Obama ... http://bit.ly/bNZi5r

During March 2009, the Congressional Budget Office estimated that gross debt will rise from 70.2% of GDP in 2008 to 100.6% in 2012. CBO/wiki

2010-09-05
During March 2009, the Congressional Budget Office estimated that gross debt will rise from 70.2% of GDP in 2008 to 100.6% in 2012. CBO/wiki

Op-Ed Columnist - The Real Story: As I pointed out in February 2009, the Congressional Budget Office ... http://bit.ly/dvrGqd (via OneRiot)

2010-09-05
Op-Ed Columnist - The Real Story: As I pointed out in February 2009, the Congressional Budget Office ... http://bit.ly/dvrGqd (via OneRiot)

@itsonlywords Have you seen the report from the Congressional Budget Office about jobs created?

2010-09-05
@itsonlywords Have you seen the report from the Congressional Budget Office about jobs created?

CEO pay report riles up the masses: The Congressional Budget Office recently reported the average after-tax income... http://bit.ly/crSJtr

2010-09-05
CEO pay report riles up the masses: The Congressional Budget Office recently reported the average after-tax income... http://bit.ly/crSJtr

RT @TauniaAdams: The Congressional Budget Office (CBO) letter that explains why NO healthcare will cost more money: http://tiny.cc/j5t9o

2010-09-04
RT @TauniaAdams: The Congressional Budget Office (CBO) letter that explains why NO healthcare will cost more money: http://tiny.cc/j5t9o