Articles About Congressional Budget Office

Author:
James I. Clark III
Posted:
06.12.2013

S&P Gives US a Thumbs UP

The S&P has upped the US.  It has raised the outlook for US debt from “negative” to “stable” which some take as an indication that we are unlikely to see a ratings slide like the one in 2011 that took us from AAA to AA+ anytime soon. The agency cited a lower federal deficit, the […]

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Author:
James I. Clark III
Posted:
04.04.2012

Treasury Makes $25 Billion in Successful MBS Sale

The Treasury Department just raked in a cool $25 billion for the American taxpayer. It sold the agency-backed mortgage-backed securities (MBS) that it bought during the financial crisis.  “The successful sale of these securities marks another important milestone in the wind-down of the government’s emergency financial crisis response efforts,” said Mary Miller, Treasury assistant secretary […]

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Author:
Mike Ochs
Posted:
10.26.2011

A Lifeline for Underwater Homeowners?

Federal officials and some of the nation’s largest banks are collaborating on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans, with the caveat that they must be up-to-date on mortgage payments.  Typically, these borrowers can’t refinance because they don’t have enough equity in their homes. […]

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Author:
James I. Clark III
Posted:
02.09.2011

Dodd-Frank Bill Collides Head On With Deficit Realities

Implementation of the historic Dodd-Frank bill – which President Barack Obama signed into law last July to regulate Wall Street against the excesses that led to the Great Recession — is in danger of being gutted if Republicans’ proposed deep spending cuts become a reality.  Representative Barney Frank (D-MA) pointedly criticized Republicans’ proposal to slash […]

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Author:
James I. Clark III
Posted:
12.16.2010

TARP’s Ultimate Tally Could Be Just $25 Billion

The estimated cost of the Troubled Asset Relief Program (TARP) keeps falling, according to the nonpartisan Congressional Budget Office (CBO).   The latest estimate is that TARP will cost the taxpayers just $25 billion – significantly less than the $700 billion allocated for the financial bailout in the fall of 2008.  The CBO’s last estimate – […]

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Author:
James I. Clark III
Posted:
03.29.2010

TARP’s Price Tag: $109 Billion

The Congressional Budget Office has determined that the Troubled Asset Relief Program (TARP) will cost the government $109 billion – just 16 percent of the $700 billion set aside to rescue the nation from the great recession.  Insurance giant AIG and the auto industry are TARP’s largest beneficiaries. The federal government bought $40 billion in […]

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Author:
Mark McDowell
Posted:
12.21.2009

Obama’s Job Plan Will Be More Successful if Driven by the Private Sector

President Barack Obama is well aware that private sector investment creates the majority of sustainable jobs, even though it goes against human nature to invest during hard economic times.  Federal stimulus money has saved/created between 600,000 and 1,500,000 jobs, according to the Congressional Budget Office – a faction of the 7,500,000 million jobs lost.  Lest […]

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