“On March 11, 2024, the Administration submitted its annual set of budgetary proposals to the Congress. In this report, the Congressional Budget Office* examines how those proposals, if enacted, would affect budgetary outcomes in relation to CBO’s most recent baseline budget projections. Those projections extend from 2024 to 2034 and…
A report from the Congressional Budget Office (CBO)*, October 4, 2024. This CBO Report discusses prescription drug prices and approaches aimed at reducing those prices. Some of the approaches would cap prices or limit their growth, and other approaches would promote price competition or affect the flow of information. Summary: “In…
Congressional Budget Office (CBO)*: The federal budget deficit was $1.5 trillion in the first 10 months of fiscal year 2024, CBO estimates—$103 billion less than the deficit recorded during the same period last fiscal year. SUMMARY: “The federal budget deficit was $1.5 trillion in the first 10 months of fiscal…
Over the past three months, the Congressional Budget Office has produced a variety of budget and economic analyses, cost estimates, and analytic products, thus fulfilling its core mission of supporting the Congress during each stage of the legislative process. This newsletter is a companion to CBO’s Recent Publications and Work in…
As reported by the Senate Committee on the Judiciary on May 16, 2024. Summary: S. 1979 would prohibit predispute arbitration agreements or joint-action waivers from being valid or enforceable if they require arbitration of an age discrimination dispute. Federal law prohibits employers from discriminating against people who are 40 years…
According to the Congressional Budget Office the federal budget deficit was $1.2 trillion in the first eight months of fiscal year 2024, CBO estimates—$38 billion more than the deficit recorded during the same period last fiscal year. SUMMARY: The federal budget deficit was $1.2 trillion in the first eight months…
From the Congressional Budget Office (CBO): June 4, 2024 CBO’s Director, Phillip Swagel, testifies before the House Ways and Means Committee’s Subcommittee on Social Security about the significant financial challenge the program faces in the coming decades SUMMARY: Chairman Ferguson, Ranking Member Larson, and Members of the Subcommittee, thank you…
A May 13, 2024 presentation at the American Enterprise Institute by the Congressional Budget Office (CBO). In its work for the Congress, CBO regularly projects budgetary and economic outcomes over the 10-year budget window (the period used in the Congressional budget process) and for an additional 20 years. This presentation…
On April 10, 2024, CBO’s Director, Phillip Swagel, testified before the House Appropriations Committee’s Subcommittee on the Legislative Branch regarding the Congressional Budget Office’s request for appropriations for fiscal year 2025. This posting includes a summary of the Director’s testimony followed by a link to his complete testimony and links…
According to Medicare,” Accountable Care Organizations, or ACOs, are all about providing the best types of care for patients with Medicare, while simultaneously helping to lower the cost of healthcare. They consist of a coordinated group of doctors, hospitals and various types of medical providers who work together for the…