Economic Recovery Measures
Latest
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Deficits, GDP, and Automatic Stabilizers
Read moreAccording to a new CBO report, automatic stabilizers added about $282 billion to the federal deficit last year and are projected to add $351 billion...
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Weekend Editorial Roundup
Read moreHere are the highlights from this weekend’s editorials on fiscal and budget policy: In light of Obama advisor Larry Summers’ recent speech on the...
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House Passes Extensions, But Senate Will Wait Until After Recess
Read moreThe House today passed a one-year extension of various tax breaks as well as expanded unemployment benefits until November on a 215-204 vote. In a...
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Up-Hill Drive for Spending Bills, But No Gas in the Tank for Paying for Them
Read moreTwo massive spending bills that congressional leaders wanted to dispose of before hitting the road for Memorial Day have hit potholes as lawmakers...
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CBO Estimates the Effects of the Stimulus
Read moreCBO recently put out its quarterly estimate of the macroeconomic effects of the American Recovery and Reinvestment Act of 2009 (ARRA). They found that...
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Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?
Read moreLarry Summers gave a very interesting and thoughtful talk in Washington recently (May 24). But it was delivered in High Oracular Econospeak, so many...
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Spending Cuts Make Good Offsets Too
Read moreThe extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset. Emergency...
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Safety Net and Tax Extender Proposals Are Still Not Paid For
Read moreCBO and JCT have released updated cost estimates of the most recent version of the American Jobs and Closing Tax Loopholes Act (H.R. 4213), a bill...
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‘Line’ Items: Getting Out of Town Edition
Read moreHeavy Congressional Workload Before Break – Congress has a busy week ahead before it leaves town for next week’s Memorial Day recess. Lawmakers want...
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Papa's Got A Brand New Bill
Read moreOver the past few weeks, passage of an "extenders" bill has become the top priority of Congress. The bill, HR 4213, finally seems to have a definitive...
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Weekend Editorial Roundup
Read moreHere are the highlights from this weekend’s editorials on fiscal and budget policy: The Chicago Tribune noted that for all the attention paid to bank...
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‘Line’ Items: Deeming, Dreaming, Votes and Quotes
Read moreLittle Resolve for Budget Resolution – Leaders in the House have yet to make a final decision on moving forward with a FY2011 budget resolution. But...