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
The Fed Held Its Target Range After Reducing the Short-Term Rate Three Meetings in a Row
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
How Does the United States’ Fiscal Position Compare to Other Countries’?
The United States has higher budget deficits and spends more on interest costs than its peers.
The United States Collects Less Tax Revenue Than Other G7 Countries
The U.S. collects less tax revenues compared with other G7 countries, and that lower level of revenues is a key driver of the national debt.