December 2020

CBO examines the falloff in entrepreneurship, its potential economic consequences, factors that have contributed to it, and ways that federal policies could be changed to reverse the trend.

In lieu of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.

CBO describes federal net interest outlays and their projected growth over the coming decade.

In its 2019 projections for fiscal year 2020, CBO underestimated revenues by 9 percent and outlays by 3 percent. CBO’s projection of the federal budget deficit in 2020 was more than the actual amount by 0.5 percent of GDP.

CBO explains how it analyzes proposals for single-payer health care systems that would be based on Medicare’s fee-for-service program.

Options for Reducing the Deficit: 2021 to 2030 is the latest edition of a report that CBO publishes periodically. The report describes 83 policy options that would decrease federal spending or increase federal revenues over the next decade.

CBO periodically issues a compendium of policy options and their effects on the federal budget. This document provides estimates of the budgetary savings from 83 options that would decrease federal spending or increase federal revenues.

The federal budget deficit totaled $430 billion in October and November 2020, the first two months of fiscal year 2021, the Congressional Budget Office estimates.