The federal government ran a budget deficit of $368 billion for the first eight months of fiscal year 2015, CBO estimates.
CBO Blog
CBO Director Keith Hall testifies before the House Committee on the Budget, discussing CBO’s commitment to provide information that is objective, insightful, and timely, and its plans and appropriation request for the coming year.
CBO learns from many outside experts. Part of that learning comes through our panels of advisers—a Panel of Economic Advisers and a Panel of Health Advisers—which consist of widely recognized authorities on a range of issues.
CBO Director Keith Hall testifies before the Senate Committee on the Budget, discussing CBO’s commitment to providing information that is objective, insightful, and timely, and its plans and appropriation request for the coming year.
-
The federal government ran a budget deficit of $285 billion for the first seven months of fiscal year 2015, CBO estimates.
Under budgetary paths, but not particular policies, specified in the 2016 budget resolution conference report, total debt would be smaller than in CBO’s baseline. Economic output would be lower in the next few years but higher thereafter.
-
The federal government ran a budget deficit of $430 billion for the first half of fiscal year 2015, CBO estimates—$17 billion more than the shortfall recorded in the same span last year.
I am both honored and thrilled to become the director of the Congressional Budget Office today. I thought I’d take this opportunity to briefly introduce myself. But first, I’d like to thank Doug Elmendorf for his outstanding leadership.
Today is my last day as CBO Director; tomorrow, my successor will begin his term. It has been an extraordinary privilege to lead CBO for the past six years and to have the opportunity to work with my amazing colleagues.
Sixteen laws enacted in 2014 contain intergovernmental mandates and 26 contain private-sector mandates. Of the 539 bills that CBO analyzed in 2014, 47 contained intergovernmental mandates and 75 contained private-sector mandates.