CBO Director Phillip Swagel discusses his upcoming presentations on CBO’s latest long-term budget projections and demographic outlook.
The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
CBO created a new web page making its distributional analyses accessible in one place.
The federal budget deficit was $514 billion in the first nine months of fiscal year 2022, CBO estimates. That amount is less than one-quarter of the $2.2 trillion shortfall recorded during the same period in 2021.
In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.
CBO examines how the discretionary spending proposals in the President's 2023 budget compare with CBO’s most recent baseline budget projections, which span 2022 to 2032.
In CBO and JCT’s projections, net federal subsidies in 2022 for insured people under age 65 are $997 billion. In 2032, that annual amount is projected to reach $1.6 trillion.
This week, five analysts from CBO's Health Analysis Division are presenting their work at the 11th Annual Conference of the American Society of Health Economists ("ASHEcon") in Austin, Texas.
CBO will publish An Analysis of the Discretionary Spending Proposals in the President’s 2023 Budget on July 1. On July 27, CBO will publish The 2022 Long-Term Budget Outlook.
CBO estimates the costs of federal credit programs in 2023 in two ways—following procedures prescribed by the Federal Credit Reform Act (FCRA) and using a fair-value approach, which measures the market value of the government’s obligations.