Because weather conditions have led the federal government in Washington, DC, to close today, CBO will delay the release of its updated 10-year baseline projections of federal spending, revenues, and budget deficits until Monday, March 9.
CBO Blog
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March 5, 2015read more
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March 3, 2015read moreUnder current law, as of March 16, the Treasury will be at the statutory borrowing limit and will need to use so-called extraordinary measures to continue raising cash. Those measures would probably be exhausted by October or November.
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March 3, 2015read moreOn Friday, March 6, CBO will release its updated 10-year baseline projections of federal spending, revenues, and budget deficits reflecting new information obtained since the January release of the Budget and Economic Outlook: 2015 to 2025.
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March 2, 2015read moreThis report provides information on spending by federal, state, and local governments for transportation and water infrastructure, which totaled $416 billion in 2014.
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February 24, 2015read moreForty years ago today, Alice Rivlin was appointed Director of the Congressional Budget Office, and CBO began its service to the Congress and the country.
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February 20, 2015read moreIn calendar year 2014, ARRA—which was enacted in 2009—raised real GDP by between a small fraction of a percent and 0.2 percent and increased the number of full-time-equivalent jobs by between a slight amount and 0.2 million, CBO estimates.
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February 13, 2015read more
CBO turns 40 on Tuesday, February 24 and is commemorating the event with a panel discussion about CBO's past and future featuring all seven former CBO directors. The event will be held on February 24 at the U.S. Capitol Visitor Center from 1:00 p.m. to 3:30 p.m. Join the conversation on Twitter using the event hashtag #CBOat40.
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February 12, 2015read moreUp to 85 percent of a Social Security recipient’s benefits are subject to the individual income tax. CBO estimates that income taxes on Social Security benefits totaled $51 billion in 2014.
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February 12, 2015read moreCBO’s forecasts generally have been comparable in quality to those of the Administration and the Blue Chip consensus, with large errors by CBO tending to reflect difficulties shared by other forecasters.
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February 10, 2015read moreBusinesses have become increasingly likely to choose the organizational structure that offers more favorable tax treatment. As a result, revenues are lower than they would otherwise be, but incentives for investment are probably greater.
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