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- Report
The Senate Budget Committee convened a hearing at which Director Phillip Swagel testified about the 2020 Long-Term Budget Outlook. This document provides CBO’s answers to questions submitted for the record by four Members of the Committee.
- Report
In lieu of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Report
In its 2019 projections for fiscal year 2020, CBO underestimated revenues by 9 percent and outlays by 3 percent. CBO’s projection of the federal budget deficit in 2020 was more than the actual amount by 0.5 percent of GDP.
- Report
CBO periodically issues a compendium of policy options and their effects on the federal budget. This document provides estimates of the budgetary savings from 83 options that would decrease federal spending or increase federal revenues.
- Interactive
This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s September 2020 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.
- Presentation
Presentation by Joshua Shakin, Chief of the Revenue Estimating Unit in CBO’s Tax Analysis Division, to the Federation of Tax Administrators.
- Presentation
Presentation by Phillip Swagel, CBO’s Director, to the National Association of Home Builders’ Financial Institutions and Capital Markets Subcommittee
- Report
CBO Director Phillip Swagel testifies before the Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Finance Committee.
- Report
In 2017, average household income before accounting for means-tested transfers and federal taxes was $21,300 for the lowest quintile and $309,400 for the highest quintile. After transfers and taxes, those averages were $35,900 and $229,700.
- Presentation
Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus