Legislation considered under suspension of the Rules of the House of Representatives during the week of February 27, 2023

The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

The Navy’s 2023 Shipbuilding Plan and the Future of Expeditionary Warfare Operations

Presentation by Eric J. Labs, an analyst in CBO’s National Security Division, at the National Defense Industrial Association’s 25th Annual Expeditionary Warfare Conference.

The Congressional Budget Office’s Request for Appropriations for Fiscal Year 2024

For fiscal year 2024, CBO is requesting an appropriation of $70.8 million, up from the $63.2 million that it received for 2023. The request reflects strong interest in CBO’s work from Congressional leadership, committees, and Members.

The Economic Outlook for 2023 to 2033 in 16 Charts

CBO summarizes in graphic form its projections of what the economy would look like this year and over the next decade if current laws governing federal taxes and spending generally remained in place.

How CBO Estimated the Budgetary Impact of Key Prescription Drug Provisions in the 2022 Reconciliation Act

CBO describes how it estimated the budgetary impact of three key prescription drug provisions in the 2022 reconciliation act. In total, those provisions will reduce the federal deficit by $129 billion from 2022 through 2031, CBO estimates.

A Presentation on The Budget and Economic Outlook: 2023 to 2033

Presentation by Phillip Swagel, CBO’s Director, to the Committee for Economic Development of the Conference Board.

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.

CBO’s Projections of Realized Capital Gains Subject to the Individual Income Tax

This slide deck provides additional information about CBO’s February 2023 baseline projections of capital gains realizations, which decrease from an estimated high of 8.7 percent of GDP in 2021 down to 3.7 percent of GDP by 2033.

Director’s Statement on the Budget and Economic Outlook for 2023 to 2033

CBO Director Phillip Swagel discusses the current budget and economic outlook.

Federal Debt and the Statutory Limit, February 2023

CBO projects that, if the debt limit is not raised or suspended, the government’s ability to issue additional debt—other than to replace maturing securities—will be exhausted between July and September 2023.