CBO Blog

  • CBO estimates the costs of federal credit programs in 2024 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 a report required by law, CBO provides information on the limits that apply to discretionary budget authority in 2024. Because no statutory caps are in place for fiscal year 2023, there will be no sequestration for the current fiscal year.

  • The federal budget deficit was $1.6 trillion in the first 10 months of fiscal year 2023, CBO estimates—more than twice the shortfall recorded during the same period last year.

  • In a statement, CBO Director Phillip Swagel thanked Speaker McCarthy and President pro tempore Murray for appointing him to a second term and said he is excited to continue the important work that he has been part of these past four years.

  • CBO analyzes funding for special and incentive pay for active-duty service members in the Army, Navy, Air Force, and Marine Corps and explores how those types of pay have been used to address personnel shortfalls.

  • David E. Mosher, CBO's Director of National Security Analysis, testifies before the Senate Armed Services Committee's Subcommittee on Personnel.

  • In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.

  • To enhance its work for the Congress, CBO is looking for new research on how changes in federal policy affect different households, and how taxes affect the way businesses are legally structured.

  • To enhance its work for the Congress, CBO is looking for new research on the implications of the military’s use of in-kind compensation, and on the causes and future evolution of sector-specific inflation.

  • To enhance its work for the Congress, CBO is looking for new research that illuminates the factors driving trends in productivity growth and interest rates on Treasury securities, and the effects of fiscal policy on broad economic outcomes.