The federal budget deficit was $397 billion for the first nine months of fiscal year 2016, the Congressional Budget Office estimates—$81 billion more than the shortfall recorded during the same period last year.
CBO Blog
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The 2016 Long-Term Budget Outlook will be available on CBO’s website at 10:00 a.m. on the day of release.
CBO describes the procedures it uses to develop a market-based estimate of the cost of new U.S. commitments to the International Monetary Fund that reflects the small risk that the IMF could incur large losses.
Federal investment in physical capital, education, and research and development boosts private-sector productivity gradually. The overall macroeconomic and budgetary effects of federal investment depend on how that spending is financed.
In 2015, Social Security Disability Insurance (DI) benefit payments totaled $143 billion. CBO examines approaches that could improve the financial sustainability of the DI program and delay exhaustion of the DI trust fund past 2022.
In 2013, households in the top, middle, and bottom income quintiles received 53, 14, and 5 percent, respectively, of the nation's before-tax income and paid 69, 9, and 1 percent, respectively, of federal taxes.
The federal budget deficit was $408 billion for the first eight months of fiscal year 2016, CBO estimates—$41 billion more than the shortfall recorded during the same period last year.
The President’s budget proposals would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. The economic effects would affect the budget in ways that would reduce deficits.
Scanning and imaging all U.S.-bound shipping containers at overseas ports would cost $12 billion to $32 billion over 10 years, CBO estimates. Boosting the number of containers imaged at U.S. ports instead would cost considerably less.