Statement on the Appointment of Keith Hall to Director of CBO
Statement on the Appointment of Keith Hall to Director of CBO
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the appointment of Dr. Keith Hall to serve as Director of the Congressional Budget Office (CBO), succeeding Douglas Elmendorf:
“We congratulate Dr. Keith Hall on his appointment to be the next Director of the Congressional Budget Office. Dr. Hall has a very impressive background, and we wish him well in this important role. CBO serves as a critical resource to Congress and the American people, providing an essential, independent voice in the budgetary process that helps improve understanding of our fiscal challenges. In an increasingly difficult political environment — and with many unanswered questions about America’s long-term fiscal and economic future — CBO’s role is more important than ever.”
Further Reading
Should We Eliminate the Social Security Tax Cap?
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.
The Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
No Taxes on Tips Will Drive Deficits Higher
Here’s how this new, temporary deduction will affect federal revenues, budget deficits, and tax equity.