If the debt limit remains unchanged, CBO projects that the Treasury will likely run out of cash in early to mid-October—leading to delays of payments for the government’s programs and activities, a default on its debt obligations, or both.
CBO Blog
CBO and the staff of the Joint Committee on Taxation expect to release an estimate of the Senate health care plan later this afternoon.
CBO estimates that the net cost of the TARP will total $33 billion—$3 billion higher than the agency’s March 2016 estimate because of an increase in projected disbursements for mortgage programs.
CBO and the staff of the Joint Committee on Taxation are in the process of preparing an estimate for the Senate health care plan and aim to release it early next week.
When the Congress considers legislation that would authorize a nonfederal entity to carry out certain duties, CBO must decide whether to treat the associated cash flows as federal transactions when estimating the bill’s budgetary effects.
Today CBO launches a new section on its website to help keep the Congress informed about the agency's forthcoming work.
CBO will release its updated 10-year budget and economic projections on Thursday, June 29, at 2:00 p.m. CBO’s most recent projections can be found in The Budget and Economic Outlook: 2017 to 2027, which was released in January.
The federal budget deficit was $432 billion for the first eight months of fiscal year 2017, CBO estimates—$26 billion more than the shortfall recorded during the same span last year.
CBO learns from many outside experts. Part of that learning comes through our panels of advisers—a Panel of Economic Advisers and a Panel of Health Advisers—which consist of widely recognized authorities on a range of issues.
CBO and the staff of the Joint Committee on Taxation are in the process of preparing a cost estimate for the House-passed version of the American Health Care Act.