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- Report
CBO projects a federal budget deficit of $3.3 trillion in 2020, more than triple the shortfall recorded in 2019, mostly because of the economic disruption caused by the 2020 coronavirus pandemic and the enactment of legislation in response.
- Report
The federal budget deficit was $2.8 trillion in the first ten months of fiscal year 2020, CBO estimates, $1.9 trillion more than the deficit recorded during the same period last year.
- Report
Each quarter, CBO provides information about its work in progress. As of July 6, the agency was working on 96 cost estimates for legislation in addition to 29 analytic products.
- Report
The federal budget deficit was $2.7 trillion in the first nine months of fiscal year 2020, CBO estimates, $2.0 trillion more than the deficit recorded during the same period last year.
- Report
CBO projects that from 2020 to 2030, annual real GDP will be 3.4 percent lower, on average, than it projected in January. The annual unemployment rate, which was projected to average 4.2 percent, is now projected to average 6.1 percent.
- Report
In this letter, CBO describes the characteristics—race, sex, age, education, and household earnings—of the 19 million people who are expected to receive regular unemployment benefits in July 2020.
- Cost Estimate
As posted on the Senate Committee on Health, Education, Labor, and Pensions website
- Blog Post
The report will provide CBO’s first complete set of 10-year economic projections since January. It will update the interim projections that the agency published in May, which focused on 2020 and 2021.
- Presentation
Presentation by Phillip Swagel, CBO’s Director, to the Committee on the Budget, U.S. House of Representatives.
- Report
CBO examines four laws enacted in response to the 2020 coronavirus pandemic and summarizes their effects on federal spending, revenues, and the deficit. CBO also provides details about the laws’ effects on discretionary spending, mandatory spending, revenues, and mandates.