congressional budget office News

congressional budget office News From AOL News

Spending Cuts Not Expected to Dent $1.5 Trillion Deficit

WASHINGTON -- The $38 billion in spending cuts agreed to last week won't prevent this year's budget deficit from setting another record high, estimated at $1.5 trillion. Most of the agreed-to spending cuts either affect future budgets or amount to accounting gimmicks that won't reduce actual spending. The Treasury...

GOP Budget Proposal Would Increase Health Cost for Future Retirees

WASHINGTON -- Most future retirees would pay considerably more for health care under the new budget proposed by House Republicans, according to an analysis by nonpartisan experts for Congress that signals problems ahead for the plan. The fiscal blueprint would put people now 54 and younger in a different kind of health...

House Votes to End Mortgage Reduction Program

WASHINGTON -- House Republicans pushed through legislation Tuesday to terminate an underachieving Obama administration program designed to reduce mortgage payments for homeowners in danger of losing their homes to foreclosure. Most Democrats, while acknowledging that the Home Affordable Modification Program has fallen...

Senate Sends 3-Week Funding Bill to Obama

WASHINGTON -- Congress has approved $6 billion in spending cuts as part of legislation to keep the government running for three more weeks and give President Barack Obama and congressional leaders time to negotiate a far more sweeping package of reductions demanded by Republicans. The bill easily passed the Senate by a...

February Federal Budget Deficit Sets Record

WASHINGTON -- The government ran the largest-ever budget deficit for a single month in February. The shortfall kept this year's annual deficit on pace to end as the biggest in U.S. history. The widening deficit reflects the impact of the tax-cut package President Barack Obama and congressional Republicans brokered in...

congressional budget office News From AOL

AOL MONEY & FINANCE

congressional budget office News From the Web

03/16/12 CBO Report: Employer-Based Health Insurance Could... Source: Kaiser Health News A new Congressional Budget Office report about employer-based health insurance coverage is generating controversy, and the CBO's director is weighing in.
01/31/12 Congressional Budget Office Outlook Source: CNBC Video CNBC's Hampton Pearson has the latest on the updated report on the economy and federal budget.
03/11/11 Congressional Budget Office's Report Source: Financial Sense Online This 240 page beast has something for everyone to hate.
02/14/11 Economic Outlook: Current Administration vs.... Source: Financial Sense Online The current administration and the Congressional Budget Office project a considerable reduction of the budget deficit as a percentage of GDP in 2012 and 2013 (see Chart 1).
01/27/11 Squashing Concerns about the Deficit Source: ETF Guide Over the past several months the public has been showered with feel good stories about how the economy is improving and that the worst is over.

Background on congressional budget office

The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides economic data to Congress.

more at wikipedia »