Users of our website will now be able to search for options according to major budget category (such as revenues), budget function (such as national defense or transportation), and major program category (such as housing or Medicare).
CBO Blog
Households in the top quintile (including the top percentile) paid 68.8 percent of all federal taxes, households in the middle quintile paid 9.1 percent, and those in the bottom quintile paid 0.4 percent.
Extending emergency unemployment benefits would raise economic output and employment in 2014 relative to what would occur under current law, CBO estimates.
Given the high degree of interest in the relationship between people’s health and the federal budget, this post recaps some highlights from CBO’s report titled Raising the Excise Tax on Cigarettes: Effects on Health and the Federal Budget.
CBO projects that DoD’s plans will cost 3.5 percent more to execute through 2018 than DoD estimates. Moreover, the costs of DoD’s plans for 2014 through 2021 would greatly exceed the limits established by the Budget Control Act.
CBO estimates that the costs of DoD’s base-budget plans for 2014 through 2021 would average about $90 billion a year more than the funding that would be provided to DoD under the limits set by the Budget Control Act.
Under current law, after February 7, 2014, the Treasury would have no room to borrow and would need to use its so-called extraordinary measures—which could be exhausted as early as March but might last until May or early June.
The Federal Pell Grant Program was created to improve the access of low-income students to postsecondary education. CBO analyst Nabeel Alsalam discusses spending on the program and possible policy changes.
CBO periodically issues a compendium of options—this installment presents more than 100—to inform lawmakers about the budgetary effects of ways to reduce the deficit.
Director Doug Elmendorf discusses why federal health care spending is growing rapidly and what changes in policy could slow that growth.