Items tagged with Federal Budget:
News & Updates:
Congress may dole out Harvey relief in stages, rather than a catch-all relief bill as was the case with Superstorm Sandy. GDP growth signals upward trajectory at its revised 3% rate.
Aging and the U.S. Economy: How a Shrinking Workforce and Aging Related Disorders Slow Economic Growth
The U.S. economy is facing the crisis of an aging workforce that has the potential to harm the economy as more people begin to exit the workforce than enter it. By 2030, it’s predicted that 20% of U.S. residents will be aged 65 and older, compared to only 13% in 2010 and 9.8% in 1970.  The U.S. fertility rate is also at a historic low, sitting at 62.0 births per 1000 women aged 15 to 44.  This combination leads to a slowdown in the replacement rate, and makes it difficult for the U.S. to sustain or increase its economic growth. Additionally, an aging population can have other drags on the economy, especially the costs associated with neurodegenerative disorders and other diseases associated with aging.
America’s infrastructure is in disrepair. Every four years the American Society of Civil Engineers (ASCE), an organization made up of over 150,000 civil engineers, gives the United States an “infrastructure report card.” In March the organization gave the U.S. a grade of “D+,” an improvement from a “D” in 2009. 
Following World War II, the European continent was left ravished and defenseless. With the rise of the Soviet Union as a threat to democracy, the North Atlantic Treaty Organization (NATO) was formed.
Most of you probably had the chance to drive on any of the interstate highways in the United States, but have you ever thought about the process of building these roads for public use? When you pay a bill to a local electricity company, do you think about how electricity is generated from a power plant and transferred to you through an electrical grid?
Congressional Budget Office
Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.
The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process. Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.
Quick link to Products page: http://www.cbo.gov/about/our-products
Quick link to Topics: http://www.cbo.gov/topics
Office of Management and Budget
As the implementation and enforcement arm of Presidential policy government-wide, OMB carries out its mission through five critical processes that are essential to the President’s ability to plan and implement his priorities across the Executive Branch:
- Budget development and execution, a significant government-wide process managed from the Executive Office of the President and a mechanism by which a President implements decisions, policies, priorities, and actions in all areas (from economic recovery to health care to energy policy to national security);
- Management — oversight of agency performance, Federal procurement, financial management, and information/IT (including paperwork reduction, privacy, and security);
- Coordination and review of all significant Federal regulations by executive agencies, to reflect Presidential priorities and to ensure that economic and other impacts are assessed as part of regulatory decision-making, along with review and assessment of information collection requests;
- Legislative clearance and coordination (review and clearance of all agency communications with Congress, including testimony and draft bills) to ensure consistency of agency legislative views and proposals with Presidential policy; and
- Executive Orders and Presidential Memoranda to agency heads and officials, the mechanisms by which the President directs specific government-wide actions by Executive Branch officials.
- Quick link to current budget: http://www.whitehouse.gov/omb/budget/Overview
- Quick link to historical budgets: http://www.gpo.gov/fdsys/browse/collectionGPO.action?collectionCode=BUDGET
- Quick link to “About OMB”: http://www.whitehouse.gov/omb/organization_mission/