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Daily Archives: February 1, 2012

The Budget and Economic Outlook: Fiscal Years 2012 to 2022

The Budget and Economic Outlook: Fiscal Years 2012 to 2022. January 2012

  • “Each January, CBO prepares “baseline” budget projections spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect within the next year under current law. So CBO has also prepared projections under an “alternative fiscal scenario,” in which some current or recent policies are assumed to continue in effect, even though, by law, they are scheduled to change. The decisions made by lawmakers as they confront those policy choices will have a significant impact on budget outcomes in the coming years.”
  • Testimony on the Budget and Economic Outlook: Fiscal Years 2012 to 2022
  • FHFA Announces Interested Investors May Pre-Qualify For Real-Estate Owned Initiative

    News release: “The Federal Housing Finance Agency (FHFA) today announced the first step of a Real-Estate Owned (REO) Initiative targeted to hardest-hit metropolitan areas announced in August 2011. Investors interested in participating may “pre-qualify” to establish eligibility to bid on transactions in the initial pilot phase as well as subsequent phases. The REO Initiative will… Continue Reading

    New GAO Reports: Iran Sanctions Act, OPM Retirement Modernization, Selling Iran Refined Petroleum Products

    International Affairs Actions to Enforce the Iran Sanctions Act and Implement Contractor Certification Requirement, GAO-12-316R, January 24, 2012 Designing Evaluations 2012 Revision, GAO-12-208G, January 31, 2012 International Affairs Firms Reported in Open Sources to Have Sold Iran Refined Petroleum Products Declined Since June 30, 2010, GAO-12-321R, January 24, 2012 OPM Retirement Modernization, Progress Has Been… Continue Reading

    A Guide to the Supreme Court's Review of the 2010 Health Care Reform Law

    A Guide to the Supreme Court’s Review of the 2010 Health Care Reform Law, January 12, 2012 “With the Supreme Court preparing to hear oral arguments about challenges to the 2010 Affordable Care Act in March 2012, this Kaiser Family Foundation brief serves as a primer on the pending case, which challenges the constitutionality both… Continue Reading

    How Did the Great Recession Affect New York State’s Public Schools?

    How Did the Great Recession Affect New York State’s Public Schools? – Rajashri Chakrabarti and Elizabeth Setren “Across the nation, state and local governments saw declining revenue from income, property, and sales taxes after the onset of the recession and the bursting of the housing bubble in 2007. According to the CoreLogic Home Price Index,… Continue Reading

    NASA Space Technology Roadmaps and Priorities

    NASA Space Technology Roadmaps and Priorities: Restoring NASA’s Technological Edge and Paving the Way for a New Era in Space, January 2012 “NASA has received the National Research Council (NRC) report “NASA Space Technology Roadmaps and Priorities,” which provides the agency with findings and recommendations on where best to invest in technologies needed to enable… Continue Reading

    Border Security: Immigration Enforcement Between Ports of Entry

    CRS – Border Security: Immigration Enforcement Between Ports of Entry, Marc R. Rosenblum, Specialist in Immigration Policy, January 6, 2012 “Twenty-five years after the Immigration Reform and Control Act of 1986 (IRCA, P.L. 99-603) marked the beginning of the modern era in border enforcement, this report reviews recent enforcement efforts, takes stock of the current… Continue Reading