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- Cost Estimate
As introduced on July 25, 2023
- Cost Estimate
As reported by the Senate Committee on Energy and Natural Resources on July 11, 2023
- Report
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.
- Presentation
Presentation by Julie Topoleski, the director of CBO’s Labor, Income Security, and Long-Term Analysis Division, at the NBER’s Summer Institute 2023: Economics of Social Security.
- Report
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.
- Report
CBO’s Director, Phillip Swagel, testifies about the agency’s projections of Social Security’s finances before the Senate Budget Committee.
- Report
In CBO’s projections, spending for Social Security increases relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the program’s trust funds would be exhausted in fiscal year 2033.
- Report
The U.S. faces a challenging fiscal outlook in the coming years, according to CBO's projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level.
- Cost Estimate
As ordered reported by the House Committee on Ways and Means on June 7, 2023
- Cost Estimate
As ordered reported by the House Committee on Ways and Means on June 7, 2023