Answers to Questions for the Record Following a Hearing on Approaches to Reducing the Department of Defense’s Compensation Costs

The Senate Armed Services Committee’s Subcommittee on Personnel convened a hearing at which David E. Mosher, CBO’s Director of National Security Analysis, testified. This document provides CBO’s answers to questions for the record.

Communities at Risk of Flooding

CBO examines the variation in current and future flood risk across communities with different economic and demographic characteristics.

Monthly Budget Review: August 2023

The federal budget deficit was $1.5 trillion in the first 11 months of fiscal year 2023, CBO estimates—$0.6 trillion more than the shortfall recorded during the same period last year.

CBO’s Long-Term Projections of Gross Federal Debt

In response to a request from Budget Committee Chairman Jodey Arrington, CBO provides information about the agency’s long-term projections of gross federal debt. By the end of 2053, such debt is projected to reach 192 percent of GDP.

CBO’s Projections of Federal Receipts and Expenditures in the National Income and Product Accounts: 2023 to 2033

This report presents CBO’s projections of revenues and outlays for the 2023–2033 period translated into the framework of the national income and product accounts and their categories of current receipts and expenditures.

Estimates of the Cost of Federal Credit Programs in 2024

CBO estimates the costs of federal credit programs in 2024 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government’s obligations.

Sequestration Update Report: August 2023

In a report required by law, CBO provides information on the limits that apply to discretionary budget authority in 2024. Because no statutory caps are in place for fiscal year 2023, there will be no sequestration for the current fiscal year.

Monthly Budget Review: July 2023

The federal budget deficit was $1.6 trillion in the first 10 months of fiscal year 2023, CBO estimates—more than twice the shortfall recorded during the same period last year.

Answers to Questions for the Record Following a Hearing on Social Security’s Finances

The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified about Social Security’s finances. This document provides CBO’s answers to questions submitted for the record.

Purposes and Uses of Special and Incentive Pay for Military Personnel

CBO analyzes funding for special and incentive pay for active-duty service members in the Army, Navy, Air Force, and Marine Corps and explores how those types of pay have been used to address personnel shortfalls.