September 2018

  • In June, CBO released The 2018 Long-Term Budget Outlook, describing the agency’s projections of federal spending, revenues, deficits, and debt over the next 30 years. This post discusses the uncertainty surrounding those projections.

  • In June, CBO released The 2018 Long-Term Budget Outlook, describing the agency’s projections of federal spending, revenues, deficits, and debt over the next 30 years. This post presents some of the key takeaways from that report.

  • CBO examines how federal control affects the GSEs’ budgetary treatment and describes how different accounting approaches affect estimates of the costs of the GSEs and of potential policy changes.

  • On September 13, 2018, Director Keith Hall testified before the Senate Budget Committee about transparency at CBO.

  • Formal cost estimates are among the many products CBO provides to policymakers and analysts to help them assess the effects of differing policies on budgetary outcomes.

  • The federal budget deficit was $895 billion for the first 11 months of fiscal year 2018, CBO estimates, $222 billion more than the shortfall recorded during the same period last year.

  • CBO Director Keith Hall announces the members of a new technical review panel that will provide feedback on the next generation of CBO’s health insurance simulation model, which is being developed and tested.

  • As aircraft age, they generally become more expensive to operate. The rate of cost growth for the Air Force’s aging aircraft has increased in recent years to a considerable degree because of growth in the total Air Force budget.