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Tag Archives: congressional budget office

Best Week, Worst Week: ReBUILD gets affordable housing project started; ballooning deficit more bad news for Md. taxpayers (access required)

An east Baltimore neighborhood saw the start of an affordable housing development designed to breathe new life into East Chase Street, while taxpayers in Maryland found out there will be an extra $800 billion to pay for over the next ...

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CBO score reaffirms opposition to AHCA in Maryland (access required)

Maryland groups that have been opposed to American Health Care Act pointed to the Congressional Budget Office analysis released Monday to support their position. The analysis by the nonpartisan CBO found the Republican-backed health care plan would result in 14 ...

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CBO: Obama budget cuts deficits $1.1 trillion by 2023

WASHINGTON — Congress’ nonpartisan budget analyst says President Barack Obama’s budget would trim projected federal deficits by $1.1 trillion over the coming decade. The Congressional Budget Office said Friday that after four straight years of annual shortfalls exceeding $1 trillion, ...

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U.S. Treasury takes step to avoid hitting debt limit

WASHINGTON — The federal government says it will temporarily suspend sales of U.S. Treasury securities to state and local governments at noon on Friday, the first step to avoid breaching the nation’s borrowing limit. The move announced Wednesday by Treasury ...

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Weekly unemployment aid claims drop to 344K

WASHINGTON — The number of Americans seeking unemployment aid fell 22,000 last week to a seasonally adjusted 344,000, evidence that the job market may be picking up. The four-week average of applications dropped 6,750 to 355,000, the Labor Department said ...

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Bernanke: Recession likely if Congress doesn’t act

WASHINGTON — Federal Reserve Chairman Ben Bernanke painted a dark picture of where the U.S. economy is headed if Congress fails to reach agreement soon to avert a budget crisis. “It would probably knock the recovery back into a recession ...

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