Under current law, the deficit is projected to hold steady as a percentage of GDP through 2018, but rise thereafter, raising the already high federal debt. The rate of economic growth is projected to be solid in 2015 and the next few years.
CBO Blog
CBO estimates the Administration’s plans for nuclear forces would cost $348 billion over the next decade, close to last year’s estimate. However, projected costs for both the Departments of Defense and Energy have changed somewhat.
This report examines spending on TANF, how TANF compares to other low-income support programs, and the effects of TANF on employment. CBO also analyzes policy options that would change the program’s funding and requirements for states.
Proposals to modify U.S. immigration policy vary greatly in terms of their potential impact on the federal budget. CBO details the factors the agency considers when estimating the budgetary effects of proposed changes to immigration policy.
CBO reports annually to the Congress on programs funded for the current fiscal year whose authorizations of appropriations have expired and on programs whose authorizations of appropriations will expire during the current fiscal year.
The report will be available on CBO's website at 2:00 p.m. The report will include updated economic and budget projections spanning the period from 2015 to 2025.
CBO must issue a report that provides estimates of the caps on discretionary budget authority in effect for each fiscal year through 2021. CBO estimates that the appropriations enacted for this year have not exceeded the 2015 caps.
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.
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.