Recent CBO reports

Testimony on Approaches to Reducing Carbon Dioxide Emissions       (pdf, 16pp/116kB), Nov. 1, 2007

The Director of the Congressional Budget Office (CBO) testified before the House Budget Committee on reducing CO2 emissions. He advocated an incentive-based approach as more economically efficient than "command-and-control" policies. Two main incentives would be taxes (to regulate the price of emissions) or a cap and trade system (to regulate the quantity of emissions). Of the two, a "well-designed tax would yield higher net benefits."


The Long-Term Outlook for Health Care Spending
      (pdf, 35pp/552kB), November 2007

This study gives CBO's projections of health care spending over the next 75 years under current federal law. In view of rising health costs, CBO assumes that employers, households, and insurance firms, to avoid reducing consumption of other goods and services, will change their behavior, e.g., higher cost sharing, increased utilization management, reduced insurance coverage by employers, and greater scrutiny of new technologies.

See related FR post, "Medicare and nursing homes" (8/1/07)


Long-Term Unemployment (pdf, 34pp/476kB), Oct. 2007

Unemployment lasting more than six months has increased. This report examines such long-term unemployed workers during 2001-2003 - their characteristics, sources of income, and subsequent activities.