In an earlier posting, CBO Projections: The 2023 Budget, we provided Congressional Budget Office (CBO) documents which discuss, from a budgetary perspective, their analysis and projections of what the federal budget and economy would look like over the next 20 years, if current laws generally remain unchanged. In this posting…
Report June 28, 2023: Introduction: The U.S. faces a challenging fiscal outlook in the coming years, according to CBO’s projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level. Summary: Each year, the Congressional Budget Office…
This posting contains additional information not included in my June 22,2023 posting: HR. 3564 Middle Class Borrower Protection Act of 2023. As posted on the website of the House Committee on Rules on June 20, 2023 https://rules.house.gov/bill/118/hr-3564 Summary. The first six sections of H.R. 3564 would repeal the structure…
As reported by the Senate Committee on Foreign Relations on June 13, 2023. Summary: S. 1074 would require the Departments of State and Defense to identify and report to the Congress on U.S. goods and services that China relies on and Chinese goods and services that the federal government procures…
As reported by the Senate Committee on Foreign Relations on June 13, 2023 Summary: S. 308 would require the Department of State to influence international organizations to reclassify China as a developed country instead of as a developing country. On the basis of information about the costs of diplomatic efforts…
Received June 23,2023. Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government. It is charged with providing members of Congress non partisan, objective analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists…
Received : June 13, 2023. Summary: H.R. 1165 would amend title V of the Gramm-Leach-Bliley Act (GLBA) to expand and equally apply protections for consumers and customers with respect to the use of data by financial institutions. The bill would redefine the terms consumer and customer and would require financial…
INTRODUCTION: Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government. It is charged with providing members of Congress non partisan, objective analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget…
INTRODUCTION The Inflation Reduction Act of 2022 (IRA) HR 5376 was signed into law by President Joe Biden on August 16, 2022, after a tortuous route through the legislative process. HR 5376 grew out of the Build Back Better Act (BBB) which passed the House on September 27, 2021, but…
October 2009 – September 2010. Issued October 2010 New York State fully implemented changes to its drug laws on October 7, 2009. This report provides a preliminary update of the impact during the first year. More comprehensive reports will be issued in the coming months. The preliminary review shows that…