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    Potential Statutory Pay-As-You-Go Effects of a Bill to Provide Reconciliation Pursuant to H. Con. Res. 14, the One Big Beautiful Bill Act

    May 20, 2025

    CBO responds to questions concerning the sequestration (cancellation of budgetary resources) that would occur under the Statutory Pay-As-You-Go Act of 2010 if an enacted bill raised deficits by $2.3 trillion over 10 years.

  • Report

    Preliminary Analysis of the Distributional Effects of the One Big Beautiful Bill Act

    May 20, 2025

    CBO provides a preliminary analysis of the distributional effects of the 2025 reconciliation bill.

  • Report

    The U.S. Military’s Force Structure: Fiscal Year 2025 Update to Personnel Numbers and Costs

    May 9, 2025

    This spreadsheet provides the data that underlie CBO’s interactive force structure tool.

  • Report

    Monthly Budget Review: April 2025

    May 8, 2025

    The federal budget deficit totaled $1.1 trillion in the first seven months of fiscal year 2025, CBO estimates. That amount is $196 billion more than the deficit recorded during the same period last fiscal year.

  • Report

    Effects of Lower Launch Costs on Previous Estimates for Space-Based, Boost-Phase Missile Defense

    May 5, 2025

    CBO estimates how declines in the costs of launch services would change previous estimates of the costs to deploy a constellation of space-based interceptors designed to defeat intercontinental ballistic missiles fired at the United States.

  • Report

    How CBO and Joint Committee Staff Prepare Dynamic Analyses

    April 29, 2025

    CBO and staff of the Joint Committee on Taxation respond to questions about how they develop estimates of the budgetary and economic effects of legislation.

  • Report

    Testimony on the Congressional Budget Office’s Request for Appropriations for Fiscal Year 2026

    April 29, 2025

    CBO’s Director, Phillip Swagel, testifies before the Senate Appropriations Committee’s Subcommittee on the Legislative Branch.

  • Report

    Projected Costs of U.S. Nuclear Forces, 2025 to 2034

    April 24, 2025

    CBO estimates that plans for U.S. nuclear forces, as described in the fiscal year 2025 budget and supporting documents, would cost $946 billion over the 2025–2034 period, $190 billion more than CBO's 2023 estimate for the 2023–2032 period.

  • Report

    Answers to Questions for the Record Following a Hearing on the Navy’s 2025 Shipbuilding Plan and Its Implications for the Shipbuilding Industrial Base

    April 18, 2025

    The House Subcommittee on Seapower and Projection Forces convened a hearing at which Eric J. Labs, CBO's Senior Analyst for Naval Forces and Weapons, testified. This document provides CBO’s answers to questions submitted for the record.

  • Report

    Transparency at CBO: Plans for 2025 and a Review of 2024

    April 14, 2025

    CBO's transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes.

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