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"CBO"

Regulation Watch

News Roundup | May 17, 2013

The National Transportation Safety Board wants to lower the drunk driving limit. Bloomberg has the story.

Breaking It Down: Fiscal Year 2013 Budget Deficit

May 16, 2013

The Congressional Budget Office announced Tuesday that it now expects the federal budget deficit for fiscal year 2013 to be $642 billion, about $200 billion less than was previously estimated. While the reduction is good news, $642 billion is still a lot of money…

Emphasis Added

May 9, 2013

While some economists see deficit emphasis as an impeding recovery, the Congressional Budget Office says the only thing worse for the economy would be no deficit emphasis.

Breaking Down the CBO Budget Outlook

February 7, 2013

This month, the Congressional Budget Office (CBO) released its “Budget and Economic Outlook” for 2013-2023. The report includes information on a ballooning debt, skyrocketing healthcare costs and an unemployment rate that is at the highest level of sustained unemployment in 70 years. The report makes it clear that policies in Washington aren’t addressing the serious effect that government spending is having on our economy.

Debt Wish: Through the Looking Glass

February 7, 2013

This week, the nonpartisan Congressional Budget Office (CBO) released a new report that gives a shocking glimpse into our fiscal future if we continue on our current trajectory. But on the same day, President Obama said that our economy was poised for growth in 2013 as long as we continue to make the right “investments.” So did all this spending really help get our economy back on track, or are we just setting ourselves up for more pain down the road? And will the president detail his plans to cut spending in next week’s State of the Union address?

Top 5 Things to Know About the CBO Report

February 5, 2013

Today, the nonpartisan Congressional Budget Office (CBO), the official scorekeeper of Congress, released its annual “Budget and Economic Outlook.” The outlook is a measure of where the U.S. is heading based upon current law for fiscal years 2013 to 2023. Here’s what you need to know from the CBO’s report.

New CBO Score Confirms Americans Can’t Afford the New Health Care Law

July 24, 2012

The Congressional Budget Office (CBO) today released an updated score showing that repealing the Affordable Care Act would cut $890 billion of new spending. While the CBO predicts the law will reduce the deficit by $109 billion over the next ten years because of the new taxes contained in the bill, a majority of the spending won’t begin for another two years