Congressional Budget Office

U.S. House plan for new mining royalties draws objections from Western senators

BY: - October 6, 2021

U.S. senators of both parties at a hearing Tuesday rejected House Democrats’ plans to impose billions of dollars in royalties and other fees on companies that mine for gold, copper, lithium and other minerals, largely in Southwestern states. Among the opponents was Nevada Democrat Catherine Cortez Masto, who said she objected to the House proposal […]

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 […]

COMMENTARY

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 […]