CBO Publications
“Fair-Value Accounting for Federal Credit Programs” (with Mark Hadley) Congressional Budget Office Issue Brief, March 2012
http://www.cbo.gov/sites/default/files/cbofiles/attachments/03-05-FairValue_Brief.pdf
“Federal Loan Guarantees for the Construction of Nuclear Power Plants” (with Wendy Kiska), Congressional Budget Office Study, 2011
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/122xx/doc12238/08-03-nuclearloans.pdf
“The Budgetary Cost of Fannie Mae and Freddie Mac and Options for the Future Federal Role in the Secondary Mortgage Market,” Testimony before the Committee on the Budget, U.S. House of Representatives, 2011
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/122xx/doc12213/06-02-gses_testimony.pdf
“Fannie Mae, Freddie Mac and the Role of the Secondary Mortgage Market,” (with David Torregrosa), Congressional Budget Office Study, 2010
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/120xx/doc12032/12-23-fanniefreddie.pdf
“The Budgetary Impact and Subsidy Cost of the Federal Reserve’s Activities During and Financial Crisis” (with Kim Kowalewski and Wendy Kiska), Congressional Budget Office, 2010
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/115xx/doc11524/05-24-federalreserve.pdf
“Federal Financial Guarantees under the Small Business Administration’s 7(a) Program” (with Wendy Kiska, Congressional Budget Office Paper, October 2007
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/87xx/doc8708/10-15-sba.pdf
“Evaluating Benefit Guarantees in Social Security,” (with Sven Sinclair, Amy Rehder Harris, Michael Simpson, and JulieTopoleski), Congressional Budget Office Background Paper, 2006
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/70xx/doc7058/03-07-ss_guarantees.pdf
“The Risk Exposure of the Pension Benefit Guarantee Corporation” (with Wendy Kiska and Marvin Phaup) Congressional Budget Office Study, 2005
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/66xx/doc6646/09-15-pbgc.pdf
“Estimating the Value of Subsidies for Federal Loans and Loan Guarantees,” (with Marvin Phaup and Ravi Prasad) Congressional Budget Office, 2004
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/57xx/doc5751/08-19-creditsubsidies.pdf
“Evaluating and Accounting for Federal Investment in Corporate Stocks and Other Private Securities,” (with Doug Hamilton and Marvin Phaup) Congressional Budget Office, 2003
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/40xx/doc4023/01-08-03-stocks.pdf
Federal Subsidies and the Housing GSEs," (with Marvin Phaup) Congressional Budget Office, 2001
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/28xx/doc2841/gses.pdf
Letter to Congressman Barney Frank on cost of Fannie and Freddie under different accounting regimes, 2010: http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/117xx/doc11745/09-16-frank-letter.pdf
Letter to Congressman Paul Ryan on Accounting for FHA’s Single-Family Mortgage Insurance Program on a Fair-Value Basis
http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/120xx/doc12054/05-18-fha_letter.pdf