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Report
December 23, 2008
Letter to the Honorable Max Baucus
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Cost Estimate
December 23, 2008
Estimate of the direct spending and revenue effects of the bill as cleared by the Congress on December 10, 2008, and signed by the President on December 23, 2008
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Cost Estimate
December 23, 2008
Estimate of the direct spending and revenue effects of the bill as signed by the President on October 7, 2008
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Blog Post
December 23, 2008
CBO released an economic and budget issuebrief todaythat discusses thefactors underlying the decline in manufacturing employment over the past several years. The manufacturing sector of the U.S. economy has experienced substantial job losses since 2000. During the recession of 2001 and its immediate aftermath, employment in the manufacturing sector fell by about 2.9 million jobs, or 17 percent. Even after overall employment began to improve in 2004, the decline in manufacturing employment persisted.
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Report
December 23, 2008
Economic and Budget Issue Brief
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Cost Estimate
December 22, 2008
Estimate of the direct spending and revenue effects of the bill as cleared by the Congress on November 20, 2008, and signed by the President on November 21, 2008
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Cost Estimate
December 22, 2008
Estimate of the direct spending and revenue effects of the bill as cleared by the Congress on September 17, 2008, and signed by the President on September 30, 2008
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Blog Post
December 18, 2008
Today, CBO is releasing two volumes that focus on health care issues: Key Issues in Analyzing Major Health Insurance Proposals and Budget Options, Volume 1: Health Care. These two volumes build upon CBOs previous analytical work on health insurance and health care financing issues and are intended to assist the Congress as it contemplates possible changes– both large and small– to federal health programs and thenation’s health insurance and health care systems.
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Report
December 18, 2008
To assist the Congress in its deliberations, CBO provides insights into how it would estimate the effects of such proposals on the federal budget, the number of people who have health insurance coverage, and spending for health care.
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Cost Estimate
December 11, 2008
Cost estimate for the bill as passed by the House of Representatives on December 10, 2008
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Blog Post
December 11, 2008
Today, CBO released a cost estimate for H.R. 7321, the Auto Industry Financing and Restructuring Act, as passed by the House of Representatives last night. We estimate that enacting H.R. 7321 would increase net direct spending by $1.7 billion over the 2009-2018 period, mostly for loans to domestic automobile manufacturers. An additional $7.0 billion in potential costs would be subject to future appropriation action.
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Cost Estimate
December 11, 2008
Cost estimate for the bill as passed by the House of Representatives on December 10, 2008.
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Cost Estimate
December 8, 2008
Cost estimate for the bill as introduced on November 20, 2008 including impact of proposed amendments
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Blog Post
December 5, 2008
Yesterday, CBO released its Monthly Budget Review. CBO estimates that the Treasury will report a federal budget deficit of $408 billion for the first two months of fiscal year 2009, $253 billion higher than the deficit recorded through November of last year. This estimate includes $191 billion disbursed for the Troubled Assets Relief Program (TARP) during the first two months of the fiscal year.
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Blog Post
December 5, 2008
Today (December 5), CBO released a letterat the request of House Majority Leader Hoyer analyzing the budgetary effects of two legislative proposals: S. 3715, the Auto Industry Emergency Bridge Loan Act, as introduced on November 20, 2008; and draft legislation released by the House Committee on Financial Services (and posted on that committees Web site) on November 17, 2008.
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Cost Estimate
December 5, 2008
Cost estimate for the bill as introduced on November 20, 2008; and draft legislation released by the House Committee on Financial Services on November 17, 2008
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Cost Estimate
December 5, 2008
This letter responds to a request for information about how alternative proposals to provide $34 billion in bridge loans to the automobile industry would affect the federal budget.
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Working Paper
December 4, 2008
This paper examines the elasticity of taxable income with a focus on income controls designed to control for divergence in the income distribution and mean reversion.
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Cost Estimate
December 4, 2008
Cost estimate for the bill as introduced on November 20, 2008.
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Report
December 4, 2008
Based on the Monthly Treasury Statement for October and the Daily Treasury Statements for November
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Report
December 1, 2008
Budget Options, Volume 1: Health Care
- Report November 26, 2008
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Working Paper
November 25, 2008
This paper studies the asset pricing implications of dividend and corporate income taxes in a stochastic general equilibrium model with production similar to Jermann (1998).
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Blog Post
November 25, 2008
Today President-elect Obama announced his intention to nominate me as director of the Office of Management and Budget. I am therefore resigning as director of CBO and this will be my final blog entry.
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Blog Post
November 25, 2008
CBO has been privileged, for the past two years, to have Peter Orszag as its Director. During that time, heworked tirelessly to ensure that the Congress received the timely, high quality,budget and economic information and policy analysis that it needs to address the important public policy issues facing our nation. He alsoexpanded the agency’s focus on key areaslike climate change and health care, with particular emphasis on the long-term fiscal threat posed by rising health care costs.
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Cost Estimate
November 21, 2008
Estimate of the direct spending and revenue effects of the bill as cleared by the Congress on October 2, 2008 and signed by the President on October 15, 2008
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Cost Estimate
November 21, 2008
Cost estimate for the bill as passed by the U.S. House of Representatives on September 26, 2008
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Cost Estimate
November 21, 2008
Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on July 17, 2008
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Cost Estimate
November 18, 2008
Cost estimate for the bill as introduced on November 17, 2008.
- Report November 17, 2008