For programs funded through annual appropriations (which are called “discretionary” programs), CBO uses the funding provided for the current fiscal year as the starting point for its baseline budget projections for the coming decade. Specifically, appropriations for those programs are generally assumed to grow each year with inflation.
In recent years, the Congress has shown interest in powering some of the Navy’s future destroyers and amphibious warfare ships with nuclear rather than conventional (petroleum-based) fuel.
The federal government incurred a budget deficit of $871 billion in the first seven months of fiscal year 2011, CBO estimates in its latest Monthly Budget Review, roughly $70 billion more than the deficit incurred in the same period in 2010.
The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the next few years, but structural shortfalls in their pension plans pose a problem that is likely to endure for much longer.The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the
The Department of Defense (DoD) broadly defines “readiness” as the ability of U.S. military forces to fight and meet the demands of the National Military Strategy (which describes the armed forces’ role in achieving national security objectives).
On Wednesday I spoke to students and faculty at the University of Maryland’s Public Policy School about the challenges of restraining federal health care spending. My remarks drew heavily on my April 4 presentation to the World Health Care Congress (see my blog post from that day), as well as on CBO’s analysis of Con
Each year, after the President releases his annual budget request in February, CBO analyzes the budget proposals and, using its own estimating procedures and assumptions, projects what the federal budget would look like over the next 10 years if those proposals were adopted.
The federal government incurred a budget deficit of $830 billion in the first six months of fiscal year 2011, CBO estimates in its latest Monthly Budget Review—$113 billion more than the shortfall recorded in the same period last year.
In response to a request from House Budget Committee Chairman Paul Ryan, CBO has conducted a long-term analysis of a proposal to substantially change federal payments under the Medicare and Medicaid programs, eliminate the subsidies to be provided through new insurance exchanges under last years major health care legislation, leave Social Security as