CBO estimates the budgetary effects of options for expanding federal Medicaid payments to states for services provided to Medicaid enrollees ages 21 to 64 who are in inpatient facilities known as institutions for mental diseases.
CBO Blog
In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.
The federal budget deficit was $1.1 trillion in the first half of fiscal year 2023, CBO estimates—$430 billion more than the shortfall recorded during the same period last year—and consistent with projections CBO released in February.
CBO has again been recognized by the Partnership for Public Service as one of the Best Places to Work in the Federal Government. CBO placed No. 1 in the small-agency category in the latest Best Places to Work ranking, which is for 2022.
Immigration increases total economic output, although not necessarily output per person. It also affects the federal budget through the taxes that foreign-born people pay and the government programs in which they participate.
CBO Director Phillip Swagel discusses his recent and upcoming presentations on CBO’s latest budget and economic projections.
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2022, as well as broader trends in the budget over the past few decades.
CBO's transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes.
CBO describes the commitments the federal government has made through its credit and insurance programs, including housing, real estate, and student loan programs, deposit insurance, insurance for private pensions, and flood and crop insurance.
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2022 will add about $810 billion to deficits from 2022 to 2032—the net result of a $900 billion increase in outlays and a $90 billion increase in revenues.