CBO | Red River Farm Network

Thompson, Scott React to CBO Analysis

Published August 4, 2024

House Agriculture Committee Chairman Glenn ‘GT’ Thompson is upset with the CBO budget score, saying it failed to recognize the bill’s approach to Commodity Credit Corporation spending. The bill suspends the Agriculture Secretary’s authority to use CCC funds for issues…

CBO Budget Score Released

Published August 4, 2024

The farm bill passed by the House Agriculture Committee in late May would cost $1.25 trillion over the next ten years. The Congressional Budget Office’s budget score is $33 billion over the baseline. The increase stems from a proposed increase…

Farm Bill Negotiations Hampered by Money

Published June 22, 2024

Minnesota Representative Michelle Fischbach believes there are fewer differences between the House and Senate farm bill proposals than people might think. "Chairman (Glenn 'GT') Thompson is working with Senator (Debbie) Stabenow to make sure that we get it into the…

Working Out the Funding Gap

Published May 28, 2024

The House Agriculture Committee bill suspends Section 5 of the Commodity Credit Corporation Act, limiting the Agriculture Secretary’s authority to use CCC funds. Chairman Glenn ‘GT’ Thompson plans to use those savings to increase reference prices. The Congressional Budget Office…

CBO Baseline Totals $1.46 Trillion

Published February 14, 2024

The Congressional Budget Office’s 2024 baseline for mandatory farm programs and the Supplemental Nutrition Assistance Program projects farm bill expenditures at $1.46 trillion over the next ten years. That’s down 3.5 percent from the previous ten-year baseline forecast of $1.5…

Deficit Continues to Grow

Published February 16, 2023

Without action to raise the debt ceiling, the nonpartisan Congressional Budget Office says the United States could default on its debt as soon as July. CBO Director Phillip Swagel also reported the U.S. deficit totals $1.4 trillion. "The federal debt held…

CBO Reviews House Ag Committee Farm Bill

Published May 3, 2018

The Congressional Budget Office has completed its analysis of the farm bill passed by the House Agriculture Committee. According to the CBO, amendments to the federal crop insurance program would reduce spending slightly over a ten-year period. Those amendments would…

Articles tagged under: CBO

Thompson, Scott React to CBO Analysis

CBO Budget Score Released

Farm Bill Negotiations Hampered by Money

Working Out the Funding Gap

CBO Baseline Totals $1.46 Trillion

Deficit Continues to Grow

CBO Reviews House Ag Committee Farm Bill

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