In lieu of publishing a separate report providing CBO's latest long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
June 2025
This summer, analysts in CBO's Health Analysis Division will present their work in three sessions at the 14th Annual Conference of the American Society of Health Economists (ASHEcon) in Nashville, Tennessee.
Building on its earlier analyses and those provided by the staff of the Joint Committee on Taxation, CBO published a dynamic estimate of the budgetary effects of H.R. 1, the One Big Beautiful Bill Act.
CBO analyzes the recent availability, use, and operating and support costs of F-35 fighter aircraft. As F-35s have aged, their availability and use have decreased and have been lower than those of other fighter aircraft of the same age.
The federal budget deficit totaled $1.4 trillion in the first eight months of fiscal year 2025, CBO estimates. That amount is $160 billion more than the deficit recorded during the same period last fiscal year.
CBO estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023. State and local tax revenues grew, but the costs of providing services grew more.