Friday, April 17, 2020

CBO Scores the CARES Act

The CBO came out with its estimates for the CARES Act yesterday. The CBO notes that there are a number of significant uncertainties in their calculations which.

Their top line estimate: the bill will increase the federal deficit by $1.8 trillion over the next decade, a huge amount but also less than the overall amount of assistance the bill gives out.

https://www.cbo.gov/system/files/2020-04/hr748.pdf

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