The Federal Budget in Fiscal Year 2022: An Infographic

The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.

Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2023 to 2033

This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO's February 2023 projections.

CBO’s Waterfall Model for Projecting Discretionary Spending, March 2023

CBO's interactive tool allows users to simulate the agency's process for projecting discretionary budget authority and outlays for different types of spending over the course of 10 years.

How Changes in Revenues and Outlays Would Affect Debt Service, Deficits, and Debt

This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s February 2023 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.

How Increasing the Federal Minimum Wage Could Affect Employment and Family Income

This interactive tool, updated in August 2022, allows users to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.

CBO's Waterfall Model for Projecting Discretionary Spending, August 2022

CBO's interactive tool allows users to simulate the agency's process for projecting discretionary budget authority and outlays for different types of spending over the course of 10 years.

Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2022 to 2032

This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables from those underlying CBO's May 2022 projections.

How Changes in Revenues and Outlays Would Affect Debt Service, Deficits, and Debt

This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s May 2022 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.

CBO’s Interactive Force Structure Tool

This tool allows the user to see the effects on the Department of Defense’s total operation and support costs and on the size of the military of adding or subtracting tanks, ships, aircraft, and other units.

The Distribution of Household Income, 2018

In 2018, average household income after accounting for means-tested transfers and federal taxes was $37,700 among households in the lowest quintile and $243,900 among households in the highest quintile.