This report summarizes CBO’s estimates of the budgetary impact of laws enacted in the 114th Congress, which spanned calendar years 2015 and 2016. Laws enacted in 2015 will add an estimated $663 billion to deficits over the 2015–2025 period.
Members of Congress recently asked CBO’s Director how the agency analyzes potential changes to immigration policy. This blog post highlights the factors CBO considers when estimating the budgetary and economic effects of such policies.
The 2017 Long-Term Budget Outlook will be available on CBO’s website at 10:00 a.m. on the day of release.
Last month, Members of Congress asked CBO a number of questions about how federal taxes and benefits affect people’s incentive to work. This blog post provides additional information on that topic.
Last month, Members of the House Budget Committee asked CBO how federal policy might affect productivity. This blog post provides additional information on how changes to federal policy might boost innovation and productivity.