congressional budget office

Will Obamacare Really Kill 1.6 Million Jobs?

The Republican opposition in Congress has put that number on the impact they say health care insurance reform will have on employment. The law's proponents say their figure is way off target. The real affect will likely depend on how the law actually gets implemented.

How Many Jobs Will Obama-GOP Tax Cut Deal Create?

The tax cut compromise between Obama and the GOP is now being touted as a back-door stimulus plan, one that some economists predict will create or save 3.1 million jobs. Unfortunately, the model on which those forecasts are based makes some flawed assumptions.

Could Congress Eliminate the Federal Budget Deficit?

The annual U.S. budget deficit is well over a trillion dollars, and in the long term, that's unsustainable. But a closer look at the sources of most of that gap shows that balancing the budget wouldn't be nearly as hard as it might at first appear.

Stimulus Helped the Economy, but It Won't Matter in November

Economists say the Obama administration's stimulus program actually saved the country's economy from plunging into the Great Depression 2.0. Yet that news will likely fail to sway voters who believe the current administration didn't do enough to support the economy.

Will Federal Health Care Costs Cripple Deficit-Cutting?

By some calculations, the Obama plan will help trim future budget gaps, but by others it'll only make things worse. The problem is, at this point no one knows for sure, and that makes sensible spending choices even harder to make now.