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December 1, 2008 11:15:11 AM CST

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Congressional Budget Office

Congressional Budget Office news stories

5 Stories

Tab for Fannie, Freddie Bailout Pegged at $25B

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

MarketWatch MarketWatch 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 enterprises for the next 18 months, MarketWatch reports. More »

More about:  Financial Crisis • Henry Paulson • Fannie Mae • Freddie Mac • Treasury Department • Department of the Treasury • rescue package • Congressional Budget Office

Record 28 Million Americans to Get Food Stamps

Slip into poverty a grim economic indicator

New York Times New York Times 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 in recipients in 40 states, with 14 already reporting a record count last year. More »

More about:  economy • recession • gas prices • unemployment • food prices • poverty • layoffs • food stamps • Congressional Budget Office • entitlement programs

Given Rent Prices, Homes Still Too High

Expect another 15% drop if historical relationship holds

Wall Street Journal Wall Street Journal 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 explains. Housing would need to fall 15% over five years to restore order. More »

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

What Price War? Try $2.4T

Figure much higher than previous estimates for Iraq, Afghanistan

USA Today USA Today 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 billion in interest on the loaned funds, USA Today reports. More »

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

Immigration Bill Survives Senate Onslaught

Coalition in tatters,
but holding, despite barrage of amendments

Washington Post Washington Post 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 relatives of immigrants was passed.   More »

More about:  Senate • immigration • reform • guest worker • Congressional Budget Office

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