CBO examined how the benefits from major tax expenditures in the individual income tax and payroll tax systems were distributed among households in different income groups in 2019.
CBO describes how the Department of Veterans Affairs provides health care to many veterans through the Veterans Community Care Program and how that program has affected veterans’ access to care and other outcomes.
CBO’s Director, Phillip Swagel, discusses the agency’s budget and economic analysis during the pandemic.
The federal budget deficit was $2.8 trillion in fiscal year 2021, CBO estimates—$362 billion less than the deficit recorded in fiscal year 2020.
CBO examined three broad options for reconfiguring the military if funding for the Department of Defense was reduced by $1 trillion (in 2022 dollars), or 14 percent, over the next 10 years.
In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.
CBO estimates the costs of federal credit programs in two ways—following procedures prescribed by the Federal Credit Reform Act (FCRA) and using a fair-value approach, which measures the market value of the government’s obligations.