June 2019

  • CBO released an interactive graphic showing the overall federal budget in fiscal year 2018 as part of its annual update of infographics on the federal budget.

  • CBO will release The 2019 Long-Term Budget Outlook at 10:00 a.m. on Tuesday, June 25. The report presents projections of what federal spending, revenues, deficits, and debt would be for the next 30 years if current laws generally did not change.

  • CBO Director Phillip L. Swagel's remarks at the Peterson Foundation’s 2019 Fiscal Summit in Washington, D.C.

  • The federal budget deficit was $738 billion for the first eight months of fiscal year 2019, the CBO estimates, $206 billion more than the deficit recorded during the same period last year. Revenues were $49 billion higher and outlays were $255 billion higher than during first eight months of 2018.

  • CBO learns from many outside experts, including our Panel of Economic Advisers, about important analytical issues in the advisers’ areas of expertise and to obtain feedback about our economic forecast.

  • I am pleased to start today as the Director of the Congressional Budget Office. I am honored to join the team at CBO, and I thank Keith Hall for his leadership at CBO over the past four years.