Congressional Budget Office

Outlook for $15-an-hour minimum wage boosted by new government report

BY: - February 9, 2021

WASHINGTON — The nonpartisan Congressional Budget Office in a report Monday found a gradual increase to a $15 federal minimum wage by 2025 would reduce poverty, add $54 billion to the deficit over a decade and increase pay for millions of low-income workers. The report could help Democrats make a strong case for including a gradual […]


Impending recession puts state in budget squeeze

BY: - April 9, 2020

Social distancing has its benefits. Most economists who have analyzed these policies seem to think the benefits gained in lives saved outweigh the costs they exact in economic damage using standard valuation techniques. Nonetheless, the costs are substantial. Last week, the Congressional Budget Office released projections that the United State gross domestic product will fall […]