September 2022

CBO identified policy approaches that federal lawmakers could adopt to reduce the prices that commercial insurers pay for hospitals’ and physicians’ services, thereby lowering health insurance premiums and the cost of federal subsidies.

CBO describes the effects and evolution of the opioid crisis in the United States, the factors that have contributed to it, the laws enacted to address it, and the effects of the coronavirus pandemic on the crisis.

CBO examines changes in the distribution of family wealth from 1989 to 2019 and analyzes those changes in relation to several family characteristics. In addition, the agency examines how total family wealth has changed since 2019.

CBO examines how inflation has affected households at different income levels and compares inflation since 2019 with the growth in household income over the same period.

View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2021, as well as broader trends in the budget over the past few decades.

CBO responds to questions from Congressman Warren Davidson and other Members about CBO’s estimates of the costs of student loan programs and how they have changed since 2010.

Under the President’s proposals, the cumulative deficit for the 2023-2032 period would be $2.6 trillion smaller than it is in CBO’s baseline projections because revenues would be higher and spending lower.

The federal budget deficit was $944 billion in the first 11 months of fiscal year 2022, the CBO estimates—$1.8 trillion less than it was at the same point last year.

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

In this report, CBO examines the mechanisms by which quantitative easing — large asset purchasing programs conducted by the Federal Reserve— affects the federal budget deficit.