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Dynamic Scoring at CBO (CBO Report for Congress)

Congress 114th
Date Sent Oct. 21, 2015
Description:

Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, at the American Enterprise Institute.

In May, the Congress adopted a concurrent resolution on the budget for fiscal year 2016. That resolution requires CBO, to the greatest extent practicable, to incorporate macroeconomic effects into its 10-year cost estimates for major legislation that Congressional committees approve. Such estimates must also include, when practicable, a qualitative assessment of the budgetary effects for the following 20 years. Incorporating such macroeconomic feedback into cost estimates is often called dynamic scoring. This presentation describes how CBO will prepare such estimates.

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