November 2019

  • In 2016, the military services allocated $25 billion to base operations support (BOS). CBO explores characteristics of bases and the mission of the units they serve, analyzing the relationship between those characteristics and BOS costs.

  • CBO Director Phill Swagel attended an event at the University of Maryland honoring Professor Allen Schick, who is retiring after teaching there for many years, and spoke about the conflicts that have arisen in federal budgeting, the important nonpartisan role that CBO plays, and the fiscal challenges facing our nation.

  • In fiscal year 2019, the budget deficit totaled $984 billion—$205 billion more than the shortfall recorded in 2018. Measured as a share of GDP, the deficit increased to 4.6 percent in 2019, up from 3.8 percent in 2018 and 3.5 percent in 2017.

  • This tool demonstrates the effects of policies that would increase the federal minimum wage. Users can also create custom policy options to examine how different approaches to changing the minimum wage would affect earnings, employment, family income, and poverty.