The federal government's budget deficit was $175 billion for the first three months of fiscal year 2015, $3 billion more than the shortfall recorded in the same period last year, CBO estimates.
CBO Blog
The federal program that provides insurance against the risk of terrorism expired at the end of 2014. CBO has examined various options for the program and their likely effects on the private sector and on the federal government.
This report presents additional information about the long-term projections CBO made in July 2014 for Social Security’s revenues, outlays, and the distribution of benefits and taxes.
On average, the effective marginal tax rate on capital income is 18 percent, but that rate varies significantly by sector. In this report, CBO estimates effective rates under current law and eight policy options.
CBO analyzed possible transitions to four alternative market structures that involve choices about whether and how the government would continue to guarantee payment on mortgages and mortgage-backed securities.
We are excited to announce the launch of several enhancements to our website! These new pages are designed to make it easier to find reports with policy options—for changing federal tax and spending policies—and to find answers to FAQs.
CBO estimates that the cost of the Navy’s 2015 shipbuilding plan—an average of about $21 billion per year (adjusted for inflation) over 30 years—would be one-third higher than the funding that the Navy has received in recent decades.
At a conference organized by the Brookings Institution, Director Doug Elmendorf discussed the ways in which CBO quantifies uncertainty and why most of the agency’s estimates are presented as point values.
Recent legislation calls for the Veterans Health Administration to expand the availability of health care to veterans. Research suggests that VHA-provided care has been cheaper than private-sector care, but future costs are uncertain.
CBO estimates that the development of shale resources will increase GDP by about two-thirds of 1 percent in 2020 and about 1 percent in 2040; the increases in GDP will lead to slightly larger percentage increases in federal revenues.