Topic: U.S. Congressional Budget Office
WASHINGTON (Reuters) - Texas Governor Rick Perry, front-runner in the race for the Republican presidential nomination, on Monday said the economic stimulus program implemented by President Barack Obama created "zero" jobs.Not so, according to information from the Congressional Budget Office, the non-partisan ...
CBO figures TARP hit taxpayers for $25B after most loans repaid; $700B was original estimateCongress' independent budget agency says the cost to taxpayers of the contentious $700 billion financial rescue has dwindled down to $25 billion.The Congressional Budget Office estimates that as ...
When the great bank bailout of 2008 -- the Troubled Asset Relief Program Act - was signed into law by President George W. Bush, the Congressional Budget Office gloomily projected it would cost taxpayers at least $350 billion. Two years later, the ...
We have been hearing from some academics, politicians and pundits that the only way out of the current economic malaise is to ramp up government stimulus spending. The red horizontal line shows spending and the gray horizontal line shows tax revenues. The ...
House passes bill to increase lending by small banks as Senate defeats GOP jobless aid billA $30 billion government fund would be available to community banks to increase lending to small businesses under a bill passed by the House Thursday as congressional ...
Congressional Budget Office sees 2010 deficit of $1.35 trillion as economy lagsThe Senate on Tuesday rejected a plan backed by President Barack Obama to create a bipartisan task force to tackle the federal deficit this year, despite glaring new figures showing the ...
Congressional Budget Office raises cost estimate for stimulus bill by $75 billionLast year's $787 billion economic stimulus bill is going to be even more expensive $75 billion more.The new Congressional Budget Office estimate, released Tuesday, provides more ammunition for Republicans who say ...
More spending is certain, more jobs are not in Democrats' new jobs billsWhen the Senate takes up a jobs bill later this month or early in February, the debate will center on whether it really will create jobs and be worth plunging ...
The U.S. federal deficit is at an all-time high--$1.42 trillion for fiscal year 2009, which ended Sept. 30. For one thing, the Congressional Budget Office last week estimated the 2009 deficit to be about $1.4 trillion.. The spending splurge includes a bailout ...
On Tuesday the White House and the Congressional Budget Office will release their respective projections of the size of the budget deficit as part of their mid-session reviews.. The Congressional Budget Office, which has proved to be a thorn in the administration's ...