CBO and its analyses benefit from the advisers’ understanding of cutting-edge research and the latest developments in health care delivery and financing.
CBO examined what the costs would be if the New START Treaty expired in February 2021 and the United States increased its nuclear forces to the levels specified in the Moscow, START II, or START I treaties, considering two approaches for each.
The report will contain CBO’s latest baseline budget projections, which will be based on the economic projections that the agency released in July and will incorporate legislation enacted through August 4.
The average error for CBO’s budget-year revenue projections is 1.2 percent, indicating the agency has tended to slightly overestimate revenues. For the agency’s sixth-year revenue projections, the average error is greater—5.6 percent.
CBO examines how recapitalizing Fannie Mae and Freddie Mac through administrative actions would affect such factors as CBO’s budget projections and cash flows between the two enterprises and their shareholders, including the Treasury.
CBO describes how estimates of the budgetary effects of enacted legislation are recorded and used to meet requirements for budget enforcement under the Statutory Pay-As-You-Go Act of 2010.
In a report required by law, CBO provides estimates of the caps on discretionary funding for fiscal years 2020 and 2021. CBO concludes that the discretionary appropriations provided to date for 2020 do not exceed the caps for this year.
The federal budget deficit was $2.8 trillion in the first ten months of fiscal year 2020, CBO estimates, $1.9 trillion more than the deficit recorded during the same period last year.