CBO will release its annual Budget and Economic Outlook on Monday, April 9, after the Congress returns from its spring recess. The report will be available on CBO’s website at 2:00 p.m. ET.
On February 27, 2018, CBO Director Keith Hall testified before the House Budget Committee, presenting seven important things to know about how CBO does its analysis.
This report examines the depot-level maintenance experiences of aging combat aircraft currently in use by DoD and provides insights for the Congress and DoD to consider as the F-35 fleet enters service.
The federal budget deficit was $174 billion for the first four months of fiscal year 2018, CBO estimates, $16 billion more than the shortfall recorded during the same period last year.
This report examines how various demographic factors relate to labor force participation, how economic conditions are likely to affect that rate over the next decade, and what keeps people from participating in the labor force.
Deputy Director Mark Hadley summarizes his remarks at yesterday’s House Budget Committee hearing.
On February 6, 2018, CBO staff testified before the House Budget Committee on the process and principles underlying the preparation of the agency’s baseline projections and cost estimates for legislation.
CBO is required to provide the Congress an annual report on spending, revenues, and deficits with subsequent revisions to that report. Here, CBO provides answers to questions about how it prepares its baseline projections for the budget.
The Congressional Budget Act of 1974 requires CBO to prepare cost estimates for legislation at certain points in the legislative process. This report provides answers to frequently asked questions about how CBO prepares those estimates.
CBO projects that if the debt limit is not raised, the Treasury will not be able borrow additional funds using extraordinary measures, and could run out of cash, in the first half of March 2018.