CongressionalBudgetOffice News

CongressionalBudgetOffice News From AOL News

CBO Head: Something's Got to Give in Federal Budget

(April 8) -- Fresh off its stint in the crossfire of health care reform, the Congressional Budget Office is gearing up to study another potential major change in Americans' lives: the creation of a value-added tax. Speaking at a breakfast with reporters in Washington today, CBO Director Douglas Elmendorf said his job...

Budget Office Projects Federal Deficit of $1.35 Trillion

WASHINGTON (Jan. 26) -- The latest congressional budget estimates out Tuesday predict a $1.35 trillion deficit for this year as the economy continues to slowly recover from the recession. The Congressional Budget Office report predicts a sluggish economic recovery and continued high deficits that present twin political...

Opinion: Health Care Reform's Lowered Expectations

Perhaps it's a sign of how far health care reform has drifted off course. Or of how worried Democrats are about getting health care reform passed. How else to explain the Senate leadership's joyful response to a Congressional Budget Office report that finds that their reform plan will do little to lower insurance costs...

Opinion: Can You Trust Those Health Care Numbers?

(Nov. 19) -- The numbers certainly have a pleasing specificity to them. The Senate health care reform bill will cost $848 billion over 10 years and cut the deficit by $130 billion. The House version will cost $1.052 trillion and cut the deficit by $109 billion. But how reliable are these forecasts? Not very, if history...