Congressional Budget Office
FREE NEWS LINKS

photo of U.S. Capitol Building  
      HOME 
  SEARCH

Updates & changes ongoing ....

---- Although this site is https-secure, we cannot guarantee that it or any provided links are safe; be sure your antivirus and other security systems are up to date.

Also see: Budget; congress; finance; wealth; shutdown;

         
Jump to:  2017;   2018;   2019;  

Undated: The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.[1] Inspired by California's Legislative Analyst's Office that manages the state budget in a strictly nonpartisan fashion, the CBO was created as a nonpartisan agency by the Congressional Budget and Impoundment Control Act of 1974. It has earned the reputation of a trusted, in-house quasi-think tank for the Congress.

There is a consensus among economists that "the CBO has historically issued credible forecasts of the effects of both Democratic and Republican legislative proposals."[2]
https://en.wikipedia.org/wiki/Congressional_Budget_Office
  
  

-- 2017 --

Back to top


June 2: White House budget chief Mick Mulvaney on Friday apologized to a Congressional Budget Office (CBO) analyst, saying his criticism of the group should have targeted the director.

“It is the Director who bears the ultimate responsibility for reports delivered by the non-partisan organization,” Mulvaney, the head of the Office of Management and Budget, said in a statement.

Mulvaney had come under fire from Democrats and several former CBO directors after suggesting earlier in the week that the CBO’s top health analyst, Holly Harvey, held political biases reflected in the group’s reports ...
http://thehill.com/homenews/administration/336181-white-house-budget-chief-apologizes-to-cbo-analyst

June 14: The Trump administration detests the Congressional Budget Office. Here’s why it’s important.
https://www.washingtonpost.com/news/monkey-cage/wp/2017/06/13/the-trump-administration-detests-the-congressional-budget-office-heres-why-its-important/?noredirect=on&utm_term=.ac15e26b5e3b
  
  

-- 2018 --
Back to top


April 8: Trump Trillion-Dollar Budget Deficits Officially Begin This Week
https://www.forbes.com/sites/stancollender/2018/04/08/trump-trillion-dollar-budget-deficits-officially-begin-this-week/#5d8645823365

April 9: Republican tax cuts to fuel historic U.S. deficits
https://www.reuters.com/article/us-usa-fiscal-deficit/republican-tax-cuts-to-fuel-historic-u-s-deficits-cbo-idUSKBN1HG2RW

April 10: When the Congressional Budget Office released its updated budget forecast, everyone focused on the deficit number. But buried in the report was the CBO's tacit admission that it vastly overestimated the cost of the Trump tax cuts, because it didn't account for the strong economic growth they would generate.

In a table buried in the appendix of the CBO report, it shows that, before accounting for economic growth, the tax cuts Trump signed into law late last year would cut federal revenues by $1.69 trillion from 2018-2027.

But it goes on to say that higher rate of GDP growth will produce $1.1 trillion in new revenues. In other words, 65% of the tax cuts are paid for by extra economic growth.
https://www.investors.com/politics/editorials/trump-tax-cuts-revenues-deficits-paying-for-themselves/

April 17: Top Trump economic adviser: ‘Never believe the CBO’
https://thehill.com/homenews/administration/383546-top-trump-economic-adviser-never-believe-the-cbo

May 24: An Analysis of the President’s 2019 Budget

Over the next 10 years, the cumulative deficit under the President’s proposals would be $3.0 trillion less than the $12.4 trillion in CBO’s baseline. The deficit would average 3.7 percent of GDP, CBO estimates.
https://www.cbo.gov/publication/53884

May 24: Congressional Budget Office’s Long-Term Deficit Forecast Dwarfs White House Estimate

Trump administration’s policies are projected to generate lower revenues over the next decade after tax cut signed in December
https://www.wsj.com/articles/congressional-budget-offices-long-term-deficit-forecast-dwarfs-white-house-estimate-1527189631

May 24: Congressional Budget Office finds higher deficits under Trump budget than administration projects
https://www.washingtonpost.com/news/business/wp/2018/05/24/congressional-budget-office-finds-higher-deficits-under-trump-budget-than-administration-projects/?utm_term=.3d63ed804dbb
  
  

-- 2019 --
Back to top





 Webpage visitor counts provided by



 

 

copyr 2018 trump-news-history.com, Minneapolis, MN