Report on the Troubled Asset Relief Program -- November 2010
November 29, 2010 pdfblog post
Fiscal Policy Choices
November 19, 2010 pdfblog post
CBO Director Doug Elmendorf's presentation to the Society of Government Economists
Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output From July 2010 Through September 2010
November 24, 2010 pdfblog post
The Economic Outlook and Fiscal Policy Choices
September 28, 2010pdfchartsblog post
Testimony before the Committee on the Budget, United States Senate
The fiscal transactions of the federal government are recorded in two major sets of accounts. One is The Budget of the United States Government, which is prepared by the Office of Management and Budget and is the framework generally used by executive branch agencies and the Congress and typically discussed in the press. The other set of accounts is the national income and product accounts (NIPAs), which are produced by the Department of Commerce's Bureau of Economic Analysis.
The purposes served by the budget and the NIPA accounting frameworks, the conceptual differences, and the relationship between those two sets of data are examined briefly below and more thoroughly in previous publications by the Congressional Budget Office (CBO). In August, CBO reported its latest baseline projections of federal revenues and outlays in the standard structure for budget accounting. This report presents those projections in the NIPA framework.