CBO estimates that plans for U.S. nuclear forces, as described in the fiscal year 2021 budget and supporting documents, would cost $634 billion over the 2021–2030 period, $140 billion more than CBO’s 2019 estimate for the 2019–2028 period.
This update of CBO’s 2016 primer on the structure of the U.S. military describes the size, functions, and operation and support costs of every major element of the armed forces.
The federal budget deficit was $1.9 trillion in the first seven months of fiscal year 2021, CBO estimates—$449 billion more than the deficit recorded during the same period last year.
CBO reports annually on programs whose authorizations of appropriations have already expired or will expire.
CBO announces the current members of its Panel of Economic Advisers.
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2020, as well as broader trends in the budget over the past few decades.
CBO outlines the main channels by which climate change and policies intended to mitigate or adapt to it affect the federal budget. Climate change increases budget deficits; investments in mitigation or adaptation could reduce those costs.
CBO estimates that the total shipbuilding budget would average $34 billion per year, 10 percent more than the Navy estimates. The Navy’s average shipbuilding budget would be almost 50 percent larger, on average, than those of recent years.
This report examines approaches to budgeting that would distinguish expenditures for investment in physical capital, education, and research and development from other expenditures.
The opening statement of Joseph Kile, CBO’s Director of Microeconomic Analysis, on the long-term solvency of the Highway Trust Fund before the Senate Committee on Environment and Public Works.