CBO describes how it will operate if there is a government shutdown.
In 2023, federal subsidies for health insurance are estimated to be $1.8 trillion, or 7.0 percent of gross domestic product (GDP). In CBO and JCT’s projections, those net subsidies reach $3.3 trillion, or 8.3 percent of GDP, in 2033.
CBO estimates that the Center for Medicare & Medicaid Innovation’s (CMMI’s) activities increased federal spending between 2011 and 2020 and will also increase it from 2021 to 2030. In 2010, CBO projected that CMMI would produce savings.
CBO examines the variation in current and future flood risk across communities with different economic and demographic characteristics.
The federal budget deficit was $1.5 trillion in the first 11 months of fiscal year 2023, CBO estimates—$0.6 trillion more than the shortfall recorded during the same period last year.
CBO Director Phillip Swagel discusses his most recent presentations on the U.S. economic and fiscal outlook.
This report presents CBO’s projections of revenues and outlays for the 2023–2033 period translated into the framework of the national income and product accounts and their categories of current receipts and expenditures.
CBO announces the members of its Panel of Health Advisers for the coming year.
CBO estimates the costs of federal credit programs in 2024 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government’s obligations.
In a report required by law, CBO provides information on the limits that apply to discretionary budget authority in 2024. Because no statutory caps are in place for fiscal year 2023, there will be no sequestration for the current fiscal year.