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Stories Tagged as

Congressional budget office

There’s a new entrant in the “bill scoring” game

by Maria Hollenhorst
Jul 4, 2024
The newly formed “Budget Lab” at Yale plans to focus on the long-term outcomes of proposed legislation.
You could think of the Congressional Budget Office as referees, who have to follow rules set by Congress, and organizations like The Yale Budget Lab as outside sports analysts.
Photo by Alika Jenner/Getty Images
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When assessing inflation, it's not just the data, it's also the narrative

by Kimberly Adams
May 17, 2024
The CBO data show purchasing power rising across all income groups, but the numbers reflect averages, and individuals' experiences vary.
According to the Congressional Budget Office, purchasing power went up across all income groups because incomes grew faster than prices between 2019 and 2023.
Justin Sullivan/Getty Images
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Congress' budget gurus may slow down Biden’s Build Back Better plan

by Kai Ryssdal and Richard Cunningham
Nov 11, 2021
Zach Moller talks about what a Congressional Budget Office score is and how it affects legislation.
Roosevelt Forward CEO Felicia Wong says President Biden and congressional Democrats may be able to implement their economic priorities through laws they already passed, such as the Infrastructure Investment and Jobs Act and the CHIPS and Science Act.
Win McNamee via Getty Images
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What it means to return to a "pre-pandemic" economy

by Kimberly Adams
Feb 2, 2021
Even if the numbers return to where they once were, the economy is probably going to look very different.
The economic fallout from the COVID-19 pandemic has been worse for women and people of color, particularly in the service sector.
Sarah Silbiger/Getty Image
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How the CBO became "God" in Washington's budget battles

by Tracey Samuelson
May 15, 2019
Credit the agency's founding director, Alice Rivlin, who died this week.
Keith Hall, Director of the Congressional Budget Office (CBO), arrives to testify about CBO's Budget and Economic Outlook for Fiscal Year 2019-2029, during a Senate Budget Committee hearing on Capitol Hill in Washington, DC, January 29, 2019.
SAUL LOEB/AFP/Getty Images
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Government shutdown 2019

The shutdown cost the U.S. economy $3 billion, Congressional Budget Office says

by Kai Ryssdal and Maria Hollenhorst
Jan 28, 2019
"We think we'll be down about $3 billion of GDP," CBO Director Keith Hall says.
Congressional Budget Office Director Keith Hall testifies before the Senate Budget Committee on Jan. 24, 2018, in Washington, D.C.
Win McNamee/Getty Images
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Where are Affordable Care Act premiums headed?

by Dan Gorenstein
May 4, 2018
Yesterday marked the one-year anniversary of the Republican-controlled House voting to repeal the Affordable Care Act. The nonpartisan Congressional Budget Office has said the vote would increase the number of uninsured Americans by more than 20 million. Well, Obamacare is still standing, but as part of the tax overhaul, the Trump administration and congressional Republicans […]
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Mulvaney on the CFPB: "We need to be a regulator, not somebody's child"

by Kai Ryssdal
Apr 20, 2018
The acting director of the Consumer Financial Protection Bureau talks about the agency's decision to fine Wells Fargo.
Then Rep. Mick Mulvaney (R-SC) testifies before the Senate Homeland Security and Governmental Affairs Committee during his confirmation hearing to be the next director of the Office of Management and Budget on Jan. 24, 2017 in Washington, DC.
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CBO: Tax cuts, spending to raise deficit to $1 trillion by 2019

by Associated Press
Apr 9, 2018
The Congressional Budget Office says the tax and spending bills will increase the budget deficit by billions.
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'It is a terrible mistake' to vote on health care bill without a CBO score, the former director says

by Kai Ryssdal
May 4, 2017
Douglas Elmendorf says the agency will build on the estimated economic impact for the original legislation.
U.S. Rep. Kevin Brady, left, (R-TX), President Donald Trump, Speaker of the House Paul Ryan (R-WI), House Majority Whip Steve Scalise (R-LA) and House Majority Leader Kevin McCarthy (R-CA) participate in a Rose Garden event Thursday at the White House after the House has passed the American Health Care Act 217-213. The bill now goes to the Senate. 
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