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Daily Archives: July 3, 2015

CBO Answers to Questions About Dynamic Analysis

Keith Hall, CBO Director – “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. Last month I gave a presentation at the Heritage Foundation to describe how CBO will implement dynamic scoring in response to that new requirement. Since the Congressional budget process was established in the 1970s, CBO’s cost estimates have typically not included dynamic analysis. (Among the few exceptions was our cost estimate in 2013 for immigration legislation that would have substantially increased the U.S. labor force.)…n light of our recent work and the budget resolution’s new requirement, I want to share CBO’s answers to several questions about dynamic analysis that we received from Members of Congress after hearings earlier this year before the Senate Budget Committee. (You can view the complete set of questions and CBO’s answers from the January 28 [2015] and June 16 [2015] hearings on our website.)”

Report – Who Has Your Digital Back?

Who Has Your Back? 2015: Protecting Your Data From Government Requests. July 2, 2015 | By Parker Higgins: “We live digital lives—from the videos shared on social networks, to location-aware apps on mobile phones, to log-in data for connecting to our email, to our stored documents, to our search history. The personal, the profound, and… Continue Reading

Greece: Preliminary Draft Debt Sustainability Analysis

International Monetary Fund – IMF Country Report No. 15/165. July 2, 2015 – “At the last review in May 2014, Greece’s public debt was assessed to be getting back on a path toward sustainability, though it remained highly vulnerable to shocks. By late summer 2014, with interest rates having declined further, it appeared that no… Continue Reading

Washington Post database collecting data on citizen killings by police

“The Washington Post is compiling a database of every fatal shooting in the United States by a police officer in the line of duty in 2015. The Post is tracking more than a dozen details about each killing — including the race of the deceased, the circumstances of the shooting, and whether the person was… Continue Reading