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- Report
If current laws governing taxes and spending generally remain unchanged, CBO projects, in 2021, the federal budget deficit will total $2.3 trillion, federal debt will reach 102 percent of GDP, and real GDP will grow by 3.7 percent.
- Report
CBO projects that the economic expansion that began in mid-2020 will continue. Real GDP is projected to return to its prepandemic level in mid-2021. The number of people employed is projected to return to its prepandemic level in 2024.
- Report
CBO reports annually on programs whose authorizations of appropriations have already expired or will expire. CBO released information about legislation enacted through December 23, 2020. The full report will be issued in coming months.
- Cost Estimate
As enacted on December 27, 2020
- Cost Estimate
As enacted on December 27, 2020
- Cost Estimate
As enacted on December 27, 2020
- Report
The federal budget deficit was $572 billion in the first quarter of fiscal year 2021, the CBO estimates—$215 billion more than the deficit recorded during the same period last year.
- Cost Estimate
As cleared by the Congress on December 21, 2020
- Cost Estimate
As posted on the House Committee on Rules Website on December 21, 2020
- Report
In this letter, CBO provides more information about its cost estimate for H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act.