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Congress' budget gurus may slow down Biden’s Build Back Better plan

Nov 11, 2021
Zach Moller talks about what a Congressional Budget Office score is and how it affects legislation.
Roosevelt Forward CEO Felicia Wong says President Biden and congressional Democrats may be able to implement their economic priorities through laws they already passed, such as the Infrastructure Investment and Jobs Act and the CHIPS and Science Act.
Win McNamee via Getty Images

What it means to return to a "pre-pandemic" economy

Feb 2, 2021
Even if the numbers return to where they once were, the economy is probably going to look very different.
The economic fallout from the COVID-19 pandemic has been worse for women and people of color, particularly in the service sector.
Sarah Silbiger/Getty Image

How the CBO became "God" in Washington's budget battles

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

The shutdown cost the U.S. economy $3 billion, Congressional Budget Office says

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?

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 still standing, but as part of the tax overhaul, the Trump administration and congressional Republicans […]

Mulvaney on the CFPB: "We need to be a regulator, not somebody's child"

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

Apr 9, 2018
The Congressional Budget Office says the tax and spending bills will increase the budget deficit by billions.
Brendan Hoffman/Getty Images

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'It is a terrible mistake' to vote on health care bill without a CBO score, the former director says

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

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 all sorts of possibilities and invariably makes somebody unhappy. The agency earned the wrath of […]

Blame low wages on slack

Aug 26, 2015
The CBO is refining its thoughts on why American wages seem to be stuck.

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