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Feb 06 2014
Opinion
Specter of welfare state jolts Democrats; CBO hits election pitches for jobs
The White House and congressional Democrats tried to limit the fallout Wednesday from the politically damaging conclusion in a Congressional Budget Office report that the Obamacare entitlement creates a major incentive for some people not to work.
Washington TimesFeb 01 2021
News
CBO sees rapid growth recovery, labor force returning to pre-pandemic level by 2022
U.S. economic growth will recover “rapidly” and the labor market will return to full strength quicker than expected thanks to the vaccine rollout and a barrage of legislation enacted in 2020, according to a government forecast published Monday.
Gross domestic product, or GDP, is expected to return to its pre-pandemic size by mid-2021 and the labor force is forecast to rebound to its pre
CNBCFeb 01 2021
News
U.S. unemployment rate to remain above pre-pandemic level through decade, CBO says
The nation’s unemployment rate will not return to its pre-pandemic levels through the rest of this decade, meaning millions of workers could be out of work even after the vaccine is widely distributed, according to a projection released Monday by the nonpartisan Congressional Budget Office.
The nonpartisan budget office also projected a faster-than-expected rebound in economic growth as
Washington PostDec 01 2021
Analysis
Biden's Build Back Better Act Will Likely Cost Twice as Much as the CBO Projects. Here's Why.
President Joe Biden's Build Back Better Act is likely to end up costing taxpayers about double what the official price tag suggests, and much of that hidden cost will end up being added to the national debt.
That's the conclusion from two independent analyses of the proposal released in recent weeks. Both rely on a key assumption that did not figure into the Congressional Budget Office'
ReasonJun 26 2018
News
U.S. Debt on Track to Grow to 'Highest Level in U.S. History by Far' Says CBO
America’s growing budget deficit will increase debt to the highest level in U.S. history by far, according to the Congressional Budget Office 2018 long-term budget outlook.
NewsweekJun 27 2017
News
CHART: CBO Weighs Who Wins, Who Loses With Senate Health Care Bill
The nonpartisan Congressional Budget Office weighed in on the Senate health care bill on Monday, saying that 22 million people would lose health coverage in the next 10 years under the Senate's plan. Of those, 15 million would lose Medicaid coverage. It's projected to lower the deficit by billions over 10 years, and also cut taxes on corporations and the wealthy.
NPR (Online News)Jun 27 2017
News
The CBO chart that shows the Senate health care bill is really about tax cuts
It’s hard to miss the fundamental design of the Senate’s health care plan to repeal and replace Obamacare: a bill that makes deep cuts to services for low-income Americans to pay for tax cuts that would largely benefit the country’s wealthiest.
VoxMay 25 2017
News
Patient, Doctor Groups Say New CBO Score Reveals Health Bill's Flaws
Health care groups that represent doctors and patients are warning members of Congress that the House Republicans' plan to overhaul the Affordable Care Act would hurt people who need insurance most.
NPR (Online News)Feb 20 2014
News
Charles Krauthammer on Why Democrats Are Running From CBO Report on Minimum Wage Hike
Syndicated columnist Charles Krauthammer said Democrats are running away from recent reports from the nonpartisan CBO that suggest both Obamacare and raising the minimum wage will both result in less jobs in the U.S.
The Blaze