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CBO Blog
In the 2011–2012 academic year, 9.4 million students received $34 billion in Pell grants. How would tightening eligibility or changing grant amounts affect the program’s costs or the number of recipients?
Updated Historical Budget Data Following BEA's Recent Update of the National Income and Product Accounts
The federal government’s budget deficit was slightly more than $600 billion in the first 10 months of fiscal year 2013, CBO estimates, almost $370 billion less than the shortfall recorded for the same period last year.
The recently announced one-year delay in the imposition of certain penalties and requirements under the Affordable Care Act will raise the 10-year costs of its health insurance coverage provisions by an estimated $12 billion.
Projections of income earned by individuals and businesses are an integral part of CBO’s regular 10-year projections of the economy and a key component of its projections of federal revenues and outlays.
Canceling the automatic spending reductions in effect for 2013 and scheduled for 2014 would increase both real GDP and employment in 2014 compared with what would occur under current law, CBO estimates, but federal debt would be greater.
The current trajectory of the Highway Trust Fund is unsustainable. Starting in fiscal year 2015, the trust fund will have insufficient resources to meet all of its obligations—CBO projects—resulting in steadily accumulating shortfalls.
The federal government ran a budget deficit of $512 billion from October 2012 through June 2013 (the first nine months of fiscal year 2013), according to CBO’s estimates.
CBO considers most leases of medical facilities by the Department of Veterans Affairs akin to government purchases and concludes—as it does in like cases—that the full costs should be recorded in the budget when VA enters into the leases.