Chad Shirley, a principal analyst at CBO, testifies on the status of the Highway Trust Fund before the House Transportation Committee’s Highway and Transit Subcommittee.
In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.
CBO’s Director Phillip Swagel discusses the presentation he gave Thursday on the fiscal outlook at a Federal Bar Association conference.
The federal budget deficit was $1.7 trillion in fiscal year 2023, CBO estimates—$0.3 trillion more than the shortfall recorded during fiscal year 2022.
To enhance its work for the Congress, CBO is looking for new research on factors that affect the use of anti-obesity medications and the impact of that use on other health care spending.
CBO describes how it will operate if there is a government shutdown.
In 2023, federal subsidies for health insurance are estimated to be $1.8 trillion, or 7.0 percent of gross domestic product (GDP). In CBO and JCT’s projections, those net subsidies reach $3.3 trillion, or 8.3 percent of GDP, in 2033.
CBO estimates that the Center for Medicare & Medicaid Innovation’s (CMMI’s) activities increased federal spending between 2011 and 2020 and will also increase it from 2021 to 2030. In 2010, CBO projected that CMMI would produce savings.
CBO examines the variation in current and future flood risk across communities with different economic and demographic characteristics.
The federal budget deficit was $1.5 trillion in the first 11 months of fiscal year 2023, CBO estimates—$0.6 trillion more than the shortfall recorded during the same period last year.