Under the President’s proposals, the cumulative deficit for the 2023-2032 period would be $2.6 trillion smaller than it is in CBO’s baseline projections because revenues would be higher and spending lower.
CBO Blog
The federal budget deficit was $944 billion in the first 11 months of fiscal year 2022, the CBO estimates—$1.8 trillion less than it was at the same point last year.
CBO’s Director, Phillip Swagel, discusses his recent and upcoming presentations.
In this report, CBO examines the mechanisms by which quantitative easing — large asset purchasing programs conducted by the Federal Reserve— affects the federal budget deficit.
CBO describes how imposing a charge for methane emissions generally affects emissions, companies’ costs, and natural gas prices and discusses how the agency analyzes such a charge.
CBO reports annually on programs whose authorizations of appropriations have already expired or will expire.
This report presents CBO’s revenue and outlay projections for 2022 to 2032 translated to the receipts and expenditures used in the national income and product accounts framework.
The federal budget deficit was $727 billion in the first 10 months of fiscal year 2022, CBO estimates—$1.8 trillion less than it was at the same point last year.
CBO announces the members of the Panel of Health Advisers for the coming year.
CBO Director Phillip Swagel discusses his upcoming presentations on CBO’s latest long-term budget projections and demographic outlook.