CBO published initial results of the distribution of income by race and ethnicity in "AEA Papers and Proceedings."
May 2024
Chapin White, CBO's Director of Health Analysis, testifies before the House Committee on the Budget.
CBO analyzed the effects on the budget and the economy of eight scenarios that differ from those underlying the agency’s extended baseline—six that vary economic conditions and two that vary budgetary conditions.
CBO focused on households’ consumption of a bundle of typical goods and services from 2019 to compare purchasing power in 2019 with that in 2023. On average, purchasing power increased, but the effects of inflation varied by income group.
CBO’s Director, Phillip Swagel, testifies before the Senate Appropriations Committee’s Subcommittee on the Legislative Branch.
CBO provides information about how its most recent budget projections would change under different assumptions about future legislated policies.
The federal budget deficit was $857 billion in the first seven months of fiscal year 2024, CBO estimates—$68 billion less than the deficit recorded during the same period last fiscal year.
CBO describes economic outcomes of veterans who are Black, male, and working age and whose service began during or after 1990. CBO compares the outcomes of that group with outcomes of Black nonveterans and White veterans from 2017 to 2019.