CBO announces the current members of its Panel of Economic Advisers.
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2020, as well as broader trends in the budget over the past few decades.
CBO outlines the main channels by which climate change and policies intended to mitigate or adapt to it affect the federal budget. Climate change increases budget deficits; investments in mitigation or adaptation could reduce those costs.
CBO estimates that the total shipbuilding budget would average $34 billion per year, 10 percent more than the Navy estimates. The Navy’s average shipbuilding budget would be almost 50 percent larger, on average, than those of recent years.
This report examines approaches to budgeting that would distinguish expenditures for investment in physical capital, education, and research and development from other expenditures.
The opening statement of Joseph Kile, CBO’s Director of Microeconomic Analysis, on the long-term solvency of the Highway Trust Fund before the Senate Committee on Environment and Public Works.
In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.
The federal budget deficit was $1.7 trillion in the first six months of fiscal year 2021, CBO estimates—almost $1 trillion more than the deficit recorded during the same period last year.
CBO assesses trends in spending for prescription drug research and development (R&D) and the introduction of new prescription drugs. CBO also examines factors that determine how much drug companies spend on R&D.
CBO describes the key design considerations for a federally administered nongroup health insurance plan—often referred to as a public option—and some of their major implications.