New Recipient Reports Confirm Recovery Act has Created, Saved Over One Million Jobs Nationwide

http://www.whitehouse.gov/the-press-office/new-recipient-reports-confirm-recovery-act-has-created-saved-over-one-million-jobs-

Claims that 640,000 jobs were created or saved by the spending of $160 billion in Recovery Act funds, which represents less than half of the funds used by September 30, 2009. Since recipient reports cover only directly created jobs, the administration estimates that more than one million jobs were created or saved. From the White House.

The National Flood Insurance Program: Factors Affecting Actuarial Soundness

http://www.cbo.gov/ftpdocs/106xx/doc10620/11-04-FloodInsurance.pdf

The national flood insurance program has been self-sustaining in the past, but it had to borrow $17 billion from the federal treasury to pay claims after the hurricanes of 2005. This report examines the financial health of the flood insurance program. From the Congressional Budget Office.

An Overview of Federal Support for Housing

http://www.cbo.gov/ftpdocs/105xx/doc10525/11-03-HousingPrograms.pdf

Describes the array of federal activities that support housing and the recent expansion of these programs up to a cost of $300 billion in FY 2009 due to the placement into conservatorship of Fannie Mae ( the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation). From the Congressional Budget Office.

Preliminary Analysis of the Affordable Health Care for America Act

http://www.cbo.gov/ftpdocs/106xx/doc10688/hr3962Rangel.pdf

Estimates that enacting the proposed health care bill (HR 3962) would result in a net reduction in federal budget deficits of $104 billion over the 2010-2019 period. From the Congressional Budget Office.

Different Measures for Analyzing Current Proposals to Reform Health Care

http://www.cbo.gov/ftpdocs/106xx/doc10689/hr3962ClarifyMeasuresBaucusLtr.pdf

Discusses the measures used to analyze the effect on federal budgets and on federal spending for health care of current legislative proposals for health care reform. From the Congressional Budget Office.

Subsidizing Infrastructure Investment with Tax-Preferred Bonds

http://www.cbo.gov/ftpdocs/106xx/doc10667/10-26-TaxPreferredBonds.pdf

Examines the role of tax preferences as an inducement for infrastructure investment in the U.S. Discusses the types of tax preferences for state and local bonds, reports the amount of such debt that has been issued for public and private sector projects, and estimates the importance of that debt financing to infrastructure investment. Also considers how the system of tax preferences might change through a greater use of tax-credit bonds. From the Congressional Budget Office.

Educational Impact of the American Recovery and Reinvestment Act

http://www.whitehouse.gov/assets/documents/DPC_Education_Report.pdf

Describes how approximately $100 billion in emergency education funding was provided to states with ARRA funds. Also describes the educational benefits and employment outcomes resulting from the emergency funding. From the Domestic Policy Council and the Department of Education.

Joint Statement … on Budget Results for Fiscal Year 2009

http://www.treas.gov/press/releases/tg322.htm

Joint press release from the Secretary of the Treasury Tim Geithner and Director of the Budget Peter Orszag on the final deficit figure of $1,417 billion for FY 2009. From the Department of the Treasury and the Office of Management and Budget.

Federal Funds for Research and Development: Fiscal Years 2006-2008

http://www.nsf.gov/statistics/nsf10303/pdf/nsf10303.pdf

A series of more than 100 detailed statistical tables on federal outlays and obligations for research and development by type of work (basic or applied research), agency, field of science or engineering, and state of recipient organization. From the National Science Foundation.

The Federal Government's Long-Term Fiscal Outlook: Fall 2009 Update

http://www.gao.gov/new.items/d10137sp.pdf

Describes the seriousness of the current and future financial situation for the federal government and explains how the agency runs simulations of the federal deficit. Blames economic recession, health care costs, and demographic trends for the problem. From the Government Accountability Office

Effects of Proposals to Limit Costs Related to Medical Malpractice

http://www.cbo.gov/ftpdocs/106xx/doc10641/10-09-Tort_Reform.pdf

Attempts to estimate medical cost savings based on both lowered medical malpractice insurance premiums and reduced use of diagnostic tests and other forms of defensive health care to avoid potential exposure to lawsuits. Estimates that about $11 billion in medical costs in 2009 might have been saved if tort reform proposals like those in the illustration had been enacted. From the Congressional Budget Office.

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