In a statement, CBO Director Phillip Swagel thanked Speaker McCarthy and President pro tempore Murray for appointing him to a second term and said he is excited to continue the important work that he has been part of these past four years.
CBO analyzes funding for special and incentive pay for active-duty service members in the Army, Navy, Air Force, and Marine Corps and explores how those types of pay have been used to address personnel shortfalls.
David E. Mosher, CBO's Director of National Security Analysis, testifies before the Senate Armed Services Committee's Subcommittee on Personnel.
In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.
To enhance its work for the Congress, CBO is looking for new research on how changes in federal policy affect different households, and how taxes affect the way businesses are legally structured.
To enhance its work for the Congress, CBO is looking for new research on the implications of the military’s use of in-kind compensation, and on the causes and future evolution of sector-specific inflation.
To enhance its work for the Congress, CBO is looking for new research that illuminates the factors driving trends in productivity growth and interest rates on Treasury securities, and the effects of fiscal policy on broad economic outcomes.
CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
To enhance its work for the Congress, CBO is looking for new research that illuminates the effects of immigration on productivity and the factors that cause them to vary, and the effects of changes in federal funding for child care.
CBO has estimated what the economic and budgetary effects would be if the discretionary funding caps enacted in June 2023 had been those required under H.R. 2811, the Limit, Save, Grow Act of 2023.