CBO responds to a question from Senator Schumer about its analysis of the costs of making permanent some of the provisions of the Build Back Better Act.
CBO Blog
CBO and the Joint Committee on Taxation project the budgetary effects, including the effects on interest costs, of a modified version of H.R. 5376, the Build Back Better Act, that would make various policies permanent rather than temporary.
CBO assesses its two-year and five-year economic forecasts and compares them with forecasts of the Administration and the Blue Chip consensus, an average of about 50 private-sector forecasts.
The federal budget deficit totaled $358 billion in October and November 2021, CBO estimates—$71 billion less than the deficit recorded during the same period last year.
This guide briefly explains—in plain language—the differences between some common budgetary terms.
CBO projects that, if the debt limit remained unchanged and if the Treasury transferred $118 billion to the Highway Trust Fund on December 15, as currently planned, the Treasury would most likely run out of cash before the end of December.
CBO releases slides about policies in the Build Back Better Act: expanding subsidized child care and providing universal preschool; offering family and medical leave; expanding certain services in Medicaid; and redesigning Medicare Part D.
CBO will publish a complete cost estimate for H.R. 5376, the Build Back Better Act, this afternoon. CBO has published 11 estimates for individual titles of the bill and will publish estimates for the remaining two titles this afternoon.
CBO anticipates publishing a complete cost estimate for H.R. 5376, the Build Back Better Act (Rules Committee Print 117-18 incorporating a manager’s amendment by Congressman Yarmuth), by the end of the day on Friday, November 19.
This report presents CBO’s budget projections for 2022 to 2031 in the framework of the national income and product accounts, which differ in certain ways from revenues and outlays as shown in the federal budget.