CBO will release its analysis of the President’s fiscal year 2018 budget on Thursday, July 13th at 11:00 a.m. The report will be available on CBO’s website.
Medicaid spending under the Better Care Reconciliation Act of 2017 would be about 35 percent lower in 2036 compared with CBO’s extended baseline. Such spending under the bill would increase each year throughout the next two decades.
Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.
If the debt limit remains unchanged, CBO projects that the Treasury will likely run out of cash in early to mid-October—leading to delays of payments for the government’s programs and activities, a default on its debt obligations, or both.
CBO and the staff of the Joint Committee on Taxation expect to release an estimate of the Senate health care plan later this afternoon.
CBO estimates that the net cost of the TARP will total $33 billion—$3 billion higher than the agency’s March 2016 estimate because of an increase in projected disbursements for mortgage programs.
CBO and the staff of the Joint Committee on Taxation are in the process of preparing an estimate for the Senate health care plan and aim to release it early next week.
When the Congress considers legislation that would authorize a nonfederal entity to carry out certain duties, CBO must decide whether to treat the associated cash flows as federal transactions when estimating the bill’s budgetary effects.
Today CBO launches a new section on its website to help keep the Congress informed about the agency's forthcoming work.
CBO will release its updated 10-year budget and economic projections on Thursday, June 29, at 2:00 p.m. CBO’s most recent projections can be found in The Budget and Economic Outlook: 2017 to 2027, which was released in January.