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Entries Tagged as 'CBO Update'

CBO Update

January 25th, 2011 · CBO Update

The following document has been added to CBO’s Web site:

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CBO Update

December 23rd, 2010 · CBO Update

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CBO Update

December 22nd, 2010 · CBO Update

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CBO Update

December 20th, 2010 · CBO Update

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CBO Update

December 20th, 2010 · CBO Update

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CBO Update

December 16th, 2010 · CBO Update

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CBO Update

December 15th, 2010 · CBO Update

The following document has been added to CBO’s Web site:

  • Federal Debt and Interest CostsRecently, the federal government has been recording the largest budget deficits, as a share of gross domestic product (GDP), since the end of World War II. As a result of those deficits, the amount of federal debt held by the public has soared–surpassing $9 trillion at the end of fiscal year 2010 and equal to 62 percent of GDP. The interest the government pays on that debt is currently low by historical standards as a percentage of GDP but is expected to grow rapidly over the next several years as interest rates rise. In response to a request from the Chairman and Ranking Member of the Senate Budget Committee, this study provides background material on federal debt and interest costs.

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CBO Update

December 11th, 2010 · CBO Update

The following documents have been added to CBO’s Web site:

  • Cost Estimate for H.R. 4853, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
    Cost estimate for Senate Amendment 4753
  • Cost Estimate for S. 3817, CAPTA Reauthorization Act of 2010
    Cost estimate for the bill as ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on December 1, 2010
  • Cost Implications of the Navy’s Plans for Acquiring Littoral Combat Ships
    Letter to the Honorable John McCain
  • Evaluating Limits on Participation and Transactions in Markets for Emissions AllowancesIn response to concerns that the accumulation of greenhouse gases in the atmosphere could have serious and costly effects, the Congress has considered creating a nationwide cap-and-trade program that would limit emissions of those gases below the levels projected under current law and would allow trading of rights, or allowances, to produce those emissions. In creating markets for allowance trading, policymakers would face important questions about how best to ensure that any instability in those markets did not raise the cost of reducing emissions or spill over to the rest of the U.S. economy (as happened with instability in mortgage markets during the recent financial crisis). Some observers have proposed excluding certain participants or transactions from allowance markets. This study examines the likely impact of prohibiting allowance trading by entities not directly covered by a cap-and-trade program and of banning the use of allowance derivatives. The report also discusses some alternative restrictions on participation and transactions in allowance markets that could impose lower costs on covered entities while reducing the risk of instability in those markets and in the overall economy.
  • Economic Impacts of Waiting to Resolve the Long-Term Budget ImbalanceTo prevent federal debt from rising to unsupportable levels, policymakers would eventually have to restrain the growth of spending, raise revenues significantly above their historical share of gross domestic product (GDP), or pursue some combination of those two approaches. Addressing the long-term budget imbalance would, at a minimum, require stabilizing the ratio of federal debt to national output. In deciding when and how to do that, an important consideration is, what are the costs of delay? This issue brief analyzes the economic effects of waiting 10 years–from 2015 to 2025–to implement policies that would stabilize the ratio of debt to output.

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CBO Update

December 11th, 2010 · CBO Update

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CBO Update

December 9th, 2010 · CBO Update

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