CBO Monthly Budget Review, December 2009

Congressional Budget Office

Oh, boy, it's that time of the month again, the Congressional Budget Office (CBO) has released its Monthly Budget Review (MBR) for December. Let's see, the government spent a little less than it did at this time last year, but it continued to take in less money, which, along with the deficits in October and November, created an approximately $390 billion budget deficit through the first quarter of fiscal year 2010. Overall, the MBR continues to paint a rather ugly picture of government finances.

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CBO Monthly Budget Review, November 2009

IT'S THAT BAD!

On Friday, the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for November. With the first two months of the fiscal year behind us, CBO found that the government added $292 billion to the federal debt. Someone let Sen. Evan Bayh (D-IN) and the rest of the recently converted budget hawks in Congress know they have more fuel for their doomsday fire.

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Non-Newsworthy CBO Recovery Act Report is Big News

In a non-exciting turn of events, a routine report from the Congressional Budget Office, Congress's non-partisan budget analysis arm, has set off another round of fighting over Recovery Act job creation.

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CBO Monthly Budget Review, October 2009

Congressional Budget Office

On Friday, the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for October. It's a look back at the good old days of Fiscal Year 2009, with all the spending, and borrowing and loss of revenue...wait, did I say "good old days?" Let's examine CBO's goodbye to the not-so-great fiscal year that was.

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CBO Reports $108 Billion Spent on Stimulus

 

Updated below.
Today, the Congressional Budget Office, Congress' independent budgetary analysis arm, released a report on FY 2009 Recovery Act spending. Back in February, the CBO predicted that federal agencies, which are tasked with spending the stimulus funds, would spend $106 billion in FY 2009. Today's report confirms that approximate number. According to the CBO, agencies spent $108 billion (excluding tax provisions), within 1 percent of the original predicted value. Not too shabby.

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CBO Monthly Budget Review, September 2009

Congressional Budget Office

Grab the kids, stock the bomb shelter with supplies, and say goodbye to friends, because yesterday the Congressional Budget Office (CBO) released its fiscal year-end Monthly Budget Review, and it's bad.

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CBO Monthly Budget Review, August 2009

Congressional Budget Office

On Tuesday, the Congressional Budget Office (CBO) released their monthly budget review for August.

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OMB and CBO Produce Similar *Dire* Deficit Numbers

Debt?

The Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) released strikingly similar updated budget and economic outlook numbers this morning. As expected, the budget deficit will come in just under earlier predictions. OMB's Mid-Session Review places the government's total red ink for the year at $1.58 trillion, while CBO estimates $1.6 trillion. The government's long-term debt, which the White House now predicts will grow faster than previous estimates, will stand at 9.05 trillion in ten years. CBO paints a slightly rosier picture, projecting the 10-year debt to stand at $7.14 trillion, but admits that their assumptions about projected revenues over that time are high by historical standards, and, conversely, their assumptions about projected discretionary spending are low. Although these estimates are hardly certain, especially the long-term debt numbers, there is no doubt they will generate a great deal of discussion.

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Budget Deficit Numbers Leaked

Budget

The Associated Press reported last night that when the Obama White House announces the federal deficit next Tuesday, the number will be about $262 billion less than officials predicted earlier this year – in part because the administration has provided less aid to Wall Street than originally expected.

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CBO Monthly Budget Review: July 2009

The CBO released its Monthly Budget Review for July, 2009 this morning.

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