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Marketplace Morning Report

On a dream, undeterred

Nov 12, 2019

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Marketplace Morning Report

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
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

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…

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.
Chip Somodevilla/Getty Images

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.
Brendan Hoffman/Getty Images

'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. 
Alex Wong/Getty Images

Congressional Budget Office weighs in on the next 30 years

by Reema Khrais Mar 30, 2017
If you want to be loved, you don’t go to work for the Congressional Budget Office. The non-partisan agency’s job is to make economic projections and provide Congress with all sorts of budget data. Data that fails to account for…

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Blame low wages on slack

by Nancy Marshall-Genzer Aug 26, 2015
The CBO is refining its thoughts on why American wages seem to be stuck.

The Congressional Budget Office: staying above the fray

by Tracey Samuelson May 19, 2015
New CBO head Keith Hall has the tough job of keeping politics out of the agency.

How Obamacare will shrink the workforce

by David Gura Feb 4, 2014
The Congressional Budget Office says some folks will stop working altogether, while others will work fewer hours