September 2023

CBO examines the variation in current and future flood risk across communities with different economic and demographic characteristics.

The federal budget deficit was $1.5 trillion in the first 11 months of fiscal year 2023, CBO estimates—$0.6 trillion more than the shortfall recorded during the same period last year.

CBO Director Phillip Swagel discusses his most recent presentations on the U.S. economic and fiscal outlook.

This report presents CBO’s projections of revenues and outlays for the 2023–2033 period translated into the framework of the national income and product accounts and their categories of current receipts and expenditures.