Molly Dahl, CBO's Chief of Long-Term Analysis, testifies before the Senate Committee on the Budget.
CBO Blog
CBO’s Director, Phillip Swagel, testifies before the House Committee on the Budget.
The federal budget deficit was $1.9 trillion in the first 11 months of fiscal year 2024, CBO estimates—$373 billion more than the deficit recorded during the same period last fiscal year.
In analyzing the availability and use of aircraft by the U.S. Army from 2000 to 2023, CBO found that the number of manned aircraft has decreased and availability has increased. Average flying hours per aircraft have fallen since 2011.
CBO estimates the costs of federal credit programs in 2025 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government’s obligations.
In CBO’s projections, spending for Social Security rises relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the balances in the program’s trust funds would be exhausted in fiscal year 2034.
CBO analyzes recent changes in property insurance markets and considers alternative insurance products as well as policy approaches to increase the availability and affordability of insurance for homeowners and renters.
CBO estimates that the cost of deferred maintenance for more than 100,000 buildings maintained by the active components of the military services in the United States and its territories was about $50 billion in 2020.
CBO estimates that a three-ship Polar Security Cutter program would cost $5.1 billion in 2024 dollars—about 60 percent more than the Coast Guard’s current estimate. Operating those three ships would cost $12.4 billion through 2063.
As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding. In CBO’s estimation, they have not, and a sequestration will not be required for 2024.