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- Cost Estimate
As posted on the Web site of the Senate Committee on Appropriations on December 12, 2012
- Blog Post
In fiscal year 2013, more than 8 million people will receive Supplemental Security Income (SSI) payments at a federal cost of about $53 billion, CBO estimates. Today’s CBO report, Supplemental Security Income: An Overview, discusses how the program works, who receives SSI payments, the program’s spending and its interaction with other government programs, the extent to which SSI affects people’s work and saving, and possible approaches to changing the program.
- Report
The report discusses how the SSI program works, who receives payments, the program’s spending and interaction with other government programs, the extent to which SSI affects people’s work and saving, and approaches to changing the program.
- Blog Post
The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year, CBO estimates in its latest Monthly Budget Review. Revenues rose by $30 billion, or 10 percent, but outlays increased by $87 billion, or 16 percent.
- Report
The federal budget deficit was $292 billion for the first two months of fiscal year 2013, $57 billion more than the shortfall recorded in October and November of last year, CBO estimates. Without shifts in the timing of certain payments in each year, however, the deficit for the two-month period would have been about $8 billion lower this year than in fiscal year 2012.
- Report
The Congress has traditionally placed a limit on the total amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Lawmakers have enacted numerous increases to the debt limit—commonly known as the debt ceiling—some of which have been temporary and many of which have been permanent. Treasury debt is now approaching the current limit.
- Presentation
Assistant Director for Health, Retirement, and Long-Term Analysis Linda T. Bilheimer's presentation to the MIDAS Network Meeting
- Report
Significant tax increases and spending cuts are slated to take effect in January 2013, sharply reducing the federal budget deficit and causing, by CBO’s estimates, a decline in economic output and an increase in unemployment.
- Blog Post
In fiscal year 2012, the federal budget deficit surpassed $1 trillion for the fourth year in a row. If lawmakers maintained current policies by preventing most of the tax increases and spending cuts that are scheduled to occur in January, deficits would total almost $10 trillion over the next decade. Federal debt held by the public would increase from nearly 73 percent of gross domestic product (GDP) at the end of 2012 to 90 percent of GDP 10 years from now.
- Report
Are fiscal rules a useful tool for achieving budgetary goals? View the appendix of this report to learn more.