In this report, CBO describes public transportation in the United States and explains how the federal government supports mass transit. The report also explains how financing subsidies provide additional federal support.
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2021 will add about $1.7 trillion to deficits from 2021 to 2031—the result of a $1.7 trillion increase in outlays and a $4 billion increase in revenues.
CBO’s Director, Phillip Swagel, discusses his recent and upcoming presentations.
CBO's transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes.
The federal budget deficit was $475 billion in the first five months of fiscal year 2022, CBO estimates. That amount is less than deficits recorded during the same period in the two prior fiscal years.