Original posting by Richard DeKaser on the CBO Blog, July 21,2023.* As part of the legislative process, the Congressional Budget Office supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This…
Cyber risk is one of the great concerns sitting at the top of any government, as hacker attacks and other security breaches have the potential to jeopardize the global economy and other aspects of everyday life. Wide reporting indicates the proliferation of cyber attacks worldwide at a substantial and increasing…
CBO’s Director, Phillip Swagel, testifies about the agency’s projections of Social Security’s finances before the Senate Budget Committee. Established in 1974, The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is charged with providing members of Congress objective analysis of…
On June 29,2023, the Supreme Court delivered its decision in Students for Fair Admissions v. President and Fellows of Harvard College. The Court held that Harvard College’s admissions system does not comply with the principles of the equal protection clause embodied in Title VI of the Civil Rights Act. The decision,…
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…
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 objective analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens…
Since Open AI released ChatGPT for public use on November 30, 2022, its rate of adoption by the public has been explosive and appears to be increasing at a near exponential rate. Within two months after its public release, it had acquired an estimated 100 million users and surpassed one…
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…
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…