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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: Congressional Budget Office

Congressional Budget Office stories: 19 news summaries

 GOP Health Plan 
 Would Leave 
 52M Uninsured 

Bill saves some money, expands coverage by only 3M

Nov 5, 09 7:50 AM CST
(Newser) - The GOP health care bill has no chance of passing—but if it did, most people who already have coverage would see their premiums drop, while 52 million Americans currently uninsured would stay that way. So says a report by the nonpartisan Congressional Budget Office, which largely confirms Dems' claims... More »

MORE ABOUT:
health care • health care costs • Congressional Budget Office • health care reform • uninsured • House Republicans

Nate Silver

 Why the Public 
 Option's Still Alive 

Polls, time, and activism keep popular concept on the table

Oct 21, 09 12:57 PM CDT
(Newser) - Reports of the public option’s demise look to have been exaggerated. Nate Silver breaks down what revived it at FiveThirtyEight.com:
  •  “The tireless, and occasionally tiresome,” advocacy from liberal bloggers and interest groups.
  • The CBO thinks it will save money.
  • The shift of
... More »

MORE ABOUT:
Congressional Budget Office • health care reform • activists • Nate Silver • public option • health insurance industry • Gang of 6

Pelosi Fighting for Stronger Public Option

Plan with Medicare-linked option would
cost only $871B

Oct 21, 09 7:07 AM CDT
(Newser) - Nancy Pelosi is on a mission to pass the strongest public option on the table in the House—a plan that would pay doctors the same rates as Medicare—and she's close to having enough votes, she told fellow Dems last night. The plan would cost just $871 billion, according... More »

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Nancy Pelosi • Medicare • House of Representatives • Congressional Budget Office • health care reform • James Clyburn • Blue Dog Democrats • public option

so much for baucus bill

 Public Option Now 
 Has Legs in Senate 

Hostile insurance industry pushes Dems to consider grab-bag of proposals

Oct 20, 09 8:58 AM CDT
(Newser) - The public option, left for dead by the Max Baucus bill that passed the Finance Committee just weeks ago, has a new lease on life in the Senate. Credit goes to a CBO report underwhelmed by that bill's efforts to encourage competition, and a big power play by the insurance... More »

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Congress • Senate • legislation • Olympia Snowe • Congressional Budget Office • Senate Finance Committee • health care reform • Evan Bayh • public option • health insurance industry

CBO: Baucus Bill Would
Cut Deficit by $81B

Projection is good news for Democrats

Oct 7, 09 4:26 PM CDT
(Newser) - Good news for Democrats and Max Baucus: The Congressional Budget Office says the Senate finance panel's health care bill won't add to the deficit. In fact, the CBO says the bill would reduce it by $81 billion over 10 years. That should make it easier for Baucus to push his... More »

MORE ABOUT:
Congress • Congressional Budget Office • Senate Finance Committee • health care reform • Max Baucus

Analysis

CBO Is Usually Wrong on Health Reform Numbers


Aug 26, 09 9:53 AM CDT
(Newser) - The Congressional Budget Office is a much-respected institution, and its integrity is beyond question, but it’s got a really lousy record when it comes to estimating the effects of health care reform, writes researcher Jon Gabel in the New York Times. It has drastically underestimated savings from each... More »

MORE ABOUT:
health care • cost cutting • Medicare • Congressional Budget Office • health care reform

(Newser) - Here's the latest eye-popping number produced by the recession: $1.6 trillion. The White House and CBO today projected that figure as this year's deficit, reports the New York Times. While it would be the biggest since World War II, the figure is actually about $260  billion better than anticipated... More »

MORE ABOUT:
deficit • national debt • Congressional Budget Office • budget deficit • Obama administration

CBO Slams Dem Move to Lower Health Costs

Nonpartisan group
says Medicare panel would save little cash

Jul 25, 09 6:14 PM CDT
(Newser) - A White House proposal to give an independent panel the power to rein in Medicare spending would save the country almost no money over 10 years, the Congressional Budget Office declared today. The nonpartisan group’s findings—that savings would total only $2 billion from the $1 trillion program—dealt... More »

MORE ABOUT:
Barack Obama • Mitch McConnell • Congressional Budget Office • health care reform • bill • Blue Dog Democrats • Peter Orszag

Baucus Hustles Health Industry for Savings

'Shakes down' docs, hospitals, pharma to help trim cost of plan

Jun 27, 09 9:39 AM CDT
(Newser) - Max Baucus is “shaking people down” to pay for health care reform, one industry insider tells Politico, pressuring hospitals, insurers, pharmaceutical companies, and doctors to find savings. “They’re playing hardball, and they’re serious about it,” the insider says. The drug maker trade group PhRMA has... More »

MORE ABOUT:
health care industry • Congressional Budget Office • health care reform • Max Baucus

(Newser) - The cap-and-trade climate legislation that could come up for a House vote tomorrow makes no economic sense and “is likely to be the biggest tax in American history,” write the editors of the Wall Street Journal. Democrats are defending the bill with an incomplete Congressional Budget Office estimate... More »

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Congress • cap and trade • Henry Waxman • House of Representatives • Congressional Budget Office • climate change legislation • Edward Markey • US gross domestic product

(Newser) - Would-be health care reformers had a bad day yesterday, hitting a series of obstacles that makes hitting President Obama’s August deadline increasingly unlikely, Politico reports. The Senate Finance Committee said it wouldn’t have a package before the July 4 recess, and the Congressional Budget Office slapped a $1.... More »

MORE ABOUT:
health care • Senate • Ted Kennedy • Senate Health Committee • Congressional Budget Office • Lamar Alexander • Senate Finance Committee • health care reform • Max Baucus • Pat Roberts • Health, Education, Labor & Pensions

Fight Looms Over Plan to Give Loan Funds to Students

The administration wants to cut out private lenders, setting up a showdown

Apr 13, 09 8:49 AM CDT
(Newser) - President Obama's plans to end a subsidized student-loan program—diverting billions of dollars in profits for private lenders like Sallie Mae to scholarships for needy students—is prompting howls of protest from lenders and setting up a Congressional showdown, the New York Times reports. The Congressional Budget Office estimates that... More »

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education • Sallie Mae • student loans • Congressional Budget Office • Pell grants • student loan reform • Obama administration

(Newser) - The federal budget deficit will surpass $1.8 trillion during the current fiscal year, the Congressional Budget Office said today. The figure far outstrips the previous estimate of $1.2 trillion and spells trouble for President Obama's proposed budget, the Wall Street Journal reports, but the White House budget director... More »

MORE ABOUT:
budget • Congressional Budget Office • Charles Grassley • federal budget • Obama administration • President Obama • Peter Orszag • White House budget director

(Newser) - This fiscal year, which started in October, will see the US running a budget deficit of at least $1.2 trillion, the largest ever, the Washington Post reports. That number could swell to $1.6 trillion if Barack Obama’s massive $800 billion stimulus plan is approved by Congress.... More »

MORE ABOUT:
Barack Obama • Congress • recession • Congressional Budget Office • budget deficit • economic stimulus package • President Obama

Tab for Fannie, Freddie Bailout Pegged at $25B

But chance better than 50% feds won't need to step in: budget office

Jul 22, 08 12:39 PM CDT
(Newser) - A federal bailout of Fannie Mae and Freddie Mac will cost $25 billion, the Congressional Budget Office said today, but there’s a better than 50% chance no rescue will be needed. The plan sought by Treasury Secretary Henry Paulson would extend an unlimited line of credit to the government-sponsored... More »

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Henry Paulson • Congressional Budget Office • Freddie Mac • Fannie Mae • Treasury Department • rescue package • financial crisis

Record 28 Million Americans to Get Food Stamps

Slip into poverty a grim economic indicator

Mar 31, 08 4:20 AM CDT
(Newser) - In an economic indicator that paints a grim future for swaths of the US population, an all-time record 28 million Americans are expected to be close enough to poverty to receive $36 billion in food stamps in the coming fiscal year, reports the New York Times. There is a surge... More »

MORE ABOUT:
layoffs • entitlement programs • recession • unemployment • Congressional Budget Office • poverty • gas prices • food prices • economy • food stamps • Economic Policy Institute

Given Rent Prices, Homes Still Too High

Expect another 15% drop if historical relationship holds

Jan 3, 08 10:21 AM CST
(Newser) - If rent prices are any indication, home prices aren’t done falling, according to one former and two current Federal Reserve economists. Annual rents have historically held steady at about 5% of home prices, but since 1996 home prices have left rents in the dust, the Wall Street Journal ... More »

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housing market • Federal Reserve • rent • Congressional Budget Office • home prices • homeowners • housing crisis

What Price War? Try $2.4T

Figure much higher than previous estimates for Iraq, Afghanistan

Oct 24, 07 4:16 PM CDT
(Newser) - Americans will have to pony up $8,000 apiece to fund the Iraq and Afghanistan wars through the next decade—a total that could top $2.4 trillion—according to a projection by the Congressional Budget Office released today. The figure dwarfs previous CBO estimates because it factors in $705... More »

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Afghanistan • War on Terror • Congressional Budget Office • Iraq war • George W. Bush

Immigration Bill Survives Senate Onslaught

Coalition in tatters,
but holding, despite barrage of amendments

Jun 7, 07 4:57 AM CDT
(Newser) - The immigration bill before the Senate dodged bullets from the right and the left yesterday; when the smoke cleared the coalition backing it appeared to be intact—if barely, the Washington Post reports. An amendment to block legalization for many illegals was defeated; one to extend visas to many more... More »

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immigration • Senate • reform • guest worker • Congressional Budget Office

19 Stories


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