Tag Archives: Medicaid

CBO: Federal Deficit Down $34B Over 5-Month Period

The federal government’s budget deficit for the first five months of fiscal 2016 was $352 billion, down $34 billion from the shortfall recorded for the same period in fiscal 2015, the Congressional Budget Office reports. CBO said Monday the decline is partly attributed to a shift in the timing of some …

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CBO: Restoring Americans’ Healthcare Freedom Bill Would Help Lower US Budget Deficit

Keith Hall, director of the Congressional Budget Office, has sent a letter to Senate Budget Committee Chairman Mike Enzi to discuss the results of a study on the potential budgetary effects of the proposed Restoring Americans’ Healthcare Freedom Reconciliation Act. Hall said in the letter that CBO and the Joint Committee on Taxation estimate the implementation of the …

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CBO: US Deficit at $200B After 2 Months of FY 2016

The Congressional Budget Office reports the federal budget deficit amounted to $200 billion over the first two months of the government’s 2016 fiscal year, a $22 billion increase from the same period in fiscal 2015. CBO said Monday government revenues from collection of individual and corporate income taxes grew about 3 percent to $416 billion from …

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2-Year Budget Plan Heads to Obama’s Desk After Senate Approval

The Senate voted 64-35 early Friday to pass a bipartisan budget deal that sets two-year government spending priorities and averts a possible federal default next week, Bloomberg reported Friday. Terrence Dopp and Kathleen Miller write the budget plan, which is headed for President Barack Obama’s signature, would keep the government afloat …

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CBO Lowers FY 2015 Deficit Projection to $426B

A new Congressional Budget Office report predicts the budget deficit to hit $426 billion, a figure $60 billion lower than the agency’s most recent shortfall estimates in March and $59 billion down from the previous fiscal year. CBO said Tuesday it reduced its budget deficit projection for 2015 due to higher-than-anticipated …

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CBO: FY 2015 Defense, Nondefense Appropriations Below Sequestration Caps

The Congressional Budget Office has said further sequestration may not be required since appropriations for defense and nondefense initiatives for fiscal year 2015 do not go beyond the caps on discretionary budget authority. CBO said in an August report that fiscal year 2015 appropriations for defense programs based on Office of Management and …

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CBO: Federal Budget Deficit at $463B Over 10-Month Period

A new Congressional Budget Office report says the budget deficit hit $463 billion for the first 10 months of the federal government’s fiscal year 2015, $2 billion up from the same period of the previous fiscal year. CBO said Friday the government’s total receipts rose by 8 percent to reach $2.7 …

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