Congressional Budget Office

Congressional Budget Office News

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  Falcone Airwaves Left With Dwindling Value After Rejection

  Philip Falcone may have to seek a buyer for LightSquared Inc.’s airwaves after regulators rejected his business plan. If he has to sell, the proceeds will probably be a fraction of what the billionaire invested.

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  Congress Conquers Extremes in $145 Billion Payroll Tax Cut Deal

  The $145 billion payroll tax cut deal is heading toward passage in the U.S. Congress as soon as today with bipartisan support, including from many lawmakers who will be voting for ideas they oppose.

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  Federal Workers Face ‘Unprecedented Assault’ in U.S. Budget War

  Congress is considering ways to cut U.S. federal workers’ pay, benefits and possibly their jobs even as a record number are borrowing against pensions.

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  Lawmakers Seek Audit of Navy Carrier’s Costs

  Leaders of the Senate Armed Services Committee asked Congress’s auditing agency to investigate the rising cost of the aircraft carrier USS Gerald R. Ford, the Navy’s most expensive warship.

• For Economy’s Sake, Cut Another Temporary Deal on Taxes: View

  President Barack Obama’s budget proposal would let the Bush tax cuts for high-income households expire at the end of this year. Republicans in Congress are certain to resist.

• Congress Heads Into Transportation Debate Without Obama Proposal

  President Barack Obama’s call to almost double transportation spending over the next six years may have little influence on Congress as it starts debating how much money to allot to U.S. infrastructure.

• Spending Won’t Fix What Ails U.S. Infrastructure: Edward Glaeser

  President Barack Obama’s announcement yesterday of a six-year, $476 billion surface transportation reauthorization bill, as part of his 2013 budget, is the latest demonstration of a longstanding presidential propensity for transportation projects.

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  Drugmaker Rebates Would Rise $156B in Obama Budget

  President Barack Obama’s budget plan would trim spending on federal health programs at the expense of drugmakers, hospitals and nursing homes while seeking nearly $1 billion for carrying out the 2010 health-care law.

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  Obama Proposes Doubling Highway Spending on Military Savings

  President Barack Obama’s fiscal 2013 budget proposed almost doubling the amount spent on U.S. highway, bridge and mass transit projects by using money previously spent on military operations in Iraq and Afghanistan.

• Airwaves-Auction Proceeds Decline by $11.6 Billion in Obama’s Budget Plan

  The Obama administration estimated that auctions of airwaves would raise $16.2 billion under its proposed federal budget for the next fiscal year, $11.6 billion less than the year-earlier projection.

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Congressional Budget Office Videos

Audio

• Rivlin Sees Budget Deal, Debt Ceiling Increase: Audio

• Holtz-Eakin on Budget Deal; Crescenzi on Fed’s Yellen