More CBO Articles

  • Congressional Budget Office: TARP on track to cost government $27 billion

    The enormous bailout of the U.S. financial system at the height of the financial crisis in fall 2008 is on track to cost the federal government $27 billion, the Congressional Budget Office estimated in a report issued Thursday afternoon.

  • Budget office: Wage boost would cost firms $15B

    WASHINGTON (AP) — A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday. The nonpartisan budget...

  • Congressional Budget Office: Obama budget wouldn't put debt on downward path

    President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...

  • CBO: Deficits to drift lower on lower health costs

    WASHINGTON (AP) — A congressional report released Monday predicts slightly smaller deficits both this year and over the coming decade, with lower spending on federal health care spending being the main reason. A Congressional Budget Office report Monday said this year's deficit will now be...

  • Congressional Budget Office projects deficit to fall to $492 billion in 2014

    The Congressional Budget Office projected Monday that the federal deficit will fall to $492 billion for fiscal 2014. At just 2.8 percent of gross domestic product, that would be the smallest budget shortfall as a share of the economy since 2007, and a significant drop from last year's $680...

  • How much does Obamacare actually cost?

    It's a question that has been at the heart of the health care debate for the past five years, and one that has been the source of plenty of confusion and misinformation.

  • Paul Ryan-authored budget counts on faster economic growth to achieve balance

    The Republican budget released Tuesday morning by House Budget Committee Chairman Paul Ryan includes projections that count on added revenue from faster economic growth -- a method often referred to as “dynamic” scoring.

  • Paul Ryan doesn't rock the boat with 2015 budget

    Throughout his political career, House Budget Committee Chairman Rep. Paul Ryan, R-Wis., has alternated between being the Republican Party's courageous idea man and serving as one of its loyal soldiers.

  • House Republicans attempt to renew focus on debt

    House Financial Services Committee Chairman Jeb Hensarling is trying to draw attention back to the nation’s mounting debt ahead of midterm elections that are more likely to revolve around Obamacare. The Texas Republican scheduled a series of hearings on the debt, he says, after reading a...

  • Sen. Tom Harkin says hearing witnesses can ignore GOP questions

    The Democratic chairman of the Senate Health, Education, Labor, and Pensions Committee declared Wednesday that cabinet secretaries do not have to answer questions at hearings if they don’t feel like it, the latest breakdown in collegiality. In a politically-charged atmosphere during a...

  • Obamacare is a loser for everyone, not just Democratic politicians

    In politics, pundits are eager to pick winners and losers. If one interest group is winning, then another must be losing. The lone exception might be Obamacare, which to date looks like a loser for just about everyone. For workers, Obamacare has led to new questions about their coverage and...

  • Journalists hide real numbers when reporting budget spin

    The standard media coverage of President Obama's new budget claimed the proposals will cut $600 billion in spending over the next decade. It was just about impossible, though, to find any media story mentioning some basic numbers that belong in any story about a new federal budget. How much...



From the Weekly Standard

  • 2014 ≠ 2016

    Polls are overrated, but they can be still instructive. So what’s to be learned from a Fox News survey of 1,012 registered voters conducted April 13-15? 

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  • Through a Google Glass, Darkly

    “Just because something bears the aspect of the inevitable one should not, therefore, go along willingly with it.” ​—​Philip K. Dick

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  • As Goes North Carolina

    Raleigh, N.C.  To win the Senate, Republicans must win North Carolina. While it’s mathematically possible to take the Senate without ousting Democratic senator Kay Hagan, the chances of that...

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