CBO: Estimates of the Cost of Federal Credit Programs in 2021
April 03, 2020
April 03, 2020
WASHINGTON, April 3 -- The Congressional Budget Office issued the following summary of a report:
Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2021 would result in savings of $41.8 billion. But using fair-value estimates, CBO projects that they would have a lifetime cost of $46.8 billion.
Summary
The federal government supports some private activities by offering credit assistance to individuals and businesses. That assis . . .
Using FCRA procedures, CBO estimates that new loans and loan guarantees issued in 2021 would result in savings of $41.8 billion. But using fair-value estimates, CBO projects that they would have a lifetime cost of $46.8 billion.
Summary
The federal government supports some private activities by offering credit assistance to individuals and businesses. That assis . . .