January 2019

  • CBO will release its annual Budget and Economic Outlook at 10:00 a.m. ET on January 28. The report will include updated economic and budget projections spanning the period from 2019 to 2029.

  • For this report to be complete and as useful to the Congress as possible, the House and Senate Budget Committees have asked CBO to delay publishing it until it can fully reflect the funding provided in all 12 annual appropriation bills.

  • The federal budget deficit was $317 billion for the first quarter of fiscal year 2019, CBO estimates, $92 billion more than the deficit recorded during the same period last year.