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  • Report

    Monthly Budget Review: Summary for Fiscal Year 2025

    November 10, 2025

    In fiscal year 2025, which ended on September 30, the federal budget deficit totaled $1.8 trillion—a decrease of $41 billion (or 2 percent) from the shortfall recorded in the previous year.

  • Report

    A Quantitative Analysis of the Effects of the Government Shutdown on the Economy Under Three Scenarios, as of October 29, 2025

    October 29, 2025

    CBO estimates the effects on the economy of a government shutdown that ends after four weeks, six weeks, and eight weeks.

  • Report

    Testimony on Growth in the 340B Drug Pricing Program and Its Implications for the Federal Budget

    October 23, 2025

    Aditi Sen, Chief of CBO's Health Policy Studies Unit, testifies before the Senate Committee on Health, Education, Labor, and Pensions.

  • Report

    A Qualitative Analysis of the Effects of the Government Shutdown on the Economy as of October 17, 2025

    October 17, 2025

    In response to a request from Chairman Jodey Arrington, CBO provides a qualitative analysis of the effects of the government shutdown on federal employment, real GDP, the labor market, business activity and income, and tourism.

  • Report

    CBO's Recent Publications and Work in Progress as of September 30, 2025

    October 10, 2025

    In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.

  • Report

    Monthly Budget Review: September 2025

    October 8, 2025

    The federal budget deficit was $1.8 trillion in fiscal year 2025, CBO estimates, $8 billion less than the shortfall recorded during fiscal year 2024.

  • Report

    Potential Effects of a Federal Government Shutdown

    September 30, 2025

    CBO assesses the possible effects of a government shutdown on the pay of federal employees and describes possible effects on the economy, business activity, procurements and contracts, and the operation of national parks and monuments.

  • Report

    CBO's Agreements to Access Data Since September 30, 2024

    September 25, 2025

    CBO describes the process of drafting data use agreements, the agreements that it has with other federal agencies, and the successes and challenges that it has experienced in accessing data over the past twelve months.

  • Report

    The Estimated Effects of Enacting Selected Health Coverage Policies on the Federal Budget and on the Number of People With Health Insurance

    September 18, 2025

    CBO estimates that permanently extending the expanded premium tax credit, nullifying a marketplace final rule, and repealing policies in the 2025 reconciliation act would increase deficits and the number of people with health insurance.

  • Report

    CBO's Current View of the Economy From 2025 to 2028

    September 12, 2025

    CBO provides details about its latest economic projections through 2028, which reflect several substantial changes in federal policy and economic developments that have occurred this year.

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