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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.
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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.
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CBO is currently reviewing the Primary Care and Health Workforce Expansion Act. The legislation’s provisions are complex, and analyzing them will take many weeks. CBO will share estimates of individual provisions as they are available.
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In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.
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David E. Mosher, CBO's Director of National Security Analysis, testifies before the Senate Armed Services Committee's Subcommittee on Personnel.
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CBO provides information to Members of Congress about the agency’s efforts to provide budgetary analysis related to the reauthorization of what is commonly known as the farm bill.
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CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
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CBO has estimated what the economic and budgetary effects would be if the discretionary funding caps enacted in June 2023 had been those required under H.R. 2811, the Limit, Save, Grow Act of 2023.
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Two Navy databases, DECKPLATE and AMSRR, track aircraft availability. Looking at Super Hornet aircraft, CBO found AMSRR’s availability rates better predict actual flying hours. DECKPLATE’s predictions are similar if data errors are fixed.
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CBO estimates that plans for U.S. nuclear forces, as described in the fiscal year 2023 budget and supporting documents, would cost $756 billion over the 2023–2032 period, $122 billion more than CBO’s 2021 estimate for the 2021–2030 period.