April 2022

CBO analyzes the economic effects of waiting to stabilize federal debt. The longer action is delayed, the larger the policy changes needed to stabilize debt. The timing and type of policy would determine its effects on different age and income groups.

CBO announces the current members of its Panel of Economic Advisers.

CBO’s Director, Phillip Swagel, discusses his recent and upcoming presentations.

The federal budget deficit was $667 billion in the first six months of fiscal year 2022, CBO estimates. That amount is roughly 40 percent of the shortfall recorded during the same period in 2021 ($1,706 billion).

CBO examines the availability and use of DoD’s F-35 fighter aircraft. This report includes findings about fleet sizes, availability rates, time spent in depot-level maintenance, flying hours, and the effects of the coronavirus pandemic.

In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.

CBO anticipates publishing its budget and economic projections during the week of May 23 and releasing its analysis of the President’s budget request by early July.