CBO is required to report its assessment of whether enacted appropriations for the current fiscal year exceed caps on discretionary spending. In CBO's estimation, they do not, and hence a sequestration will not be required for 2016.
December 2015
Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted in 2029. In that case, benefits in 2030 would need to be reduced by 29 percent from the scheduled amounts.
CBO analyzes 36 policy options commonly proposed by policymakers and analysts. Most of them would improve Social Security’s long-term finances, but only a few would significantly postpone the combined trust funds’ exhaustion date.
To enhance the transparency of CBO’s work, the agency regularly provides information about the methods and calculations underlying its estimates.
The federal budget deficit was $200 billion for the first two months of fiscal year 2016, CBO estimates. That deficit was $22 billion larger than the one recorded during the same period last year.
CBO reviews the federal government’s current role in the multifamily mortgage market and four broad approaches to modifying that role.
The Defense Department could cut federal costs by replacing some military personnel in support positions with civilian employees. If DoD replaced 80,000 military personnel, it could eventually save $3.1 billion to $5.7 billion annually.