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- Blog Post
The federal government's finances are pretty complicated and not always easy to understand,and most of CBO's reports about the budget outlook are fairly lengthy and detailed. In fact, one of the questions we're most frequently asked is how much the government spends and takes in each year. For those who are not very familiar with the budget, finding the answer is sometimes harder than it should be.
- Cost Estimate
Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on July 21, 2011
- Report
Testimony before the Joint Select Committee on Deficit Reduction, U.S. Congress
- Report
Letter to the Honorable Olympia J. Snowe
- Cost Estimate
The SSI Extension for Elderly and Disabled Refugees Act would extend refugees' and certain other aliens' eligibility for Supplemental Security Income (SSI) from seven years to nine years (and while a naturalization application is pending) during fiscal year 2012. The bill also would levy a $30 fee on any petition for a Diversity Visa that is filed before October 1, 2013.
- Blog Post
As policymakers consider the composition of policy changes to be used to reduce future budget deficits, it is useful to consider both historical experience and projections for the future for significant components of the budget. Today, I’ll discuss Social Security and the government’s major health care programs.
- Report
Estimated Impact of Automatic Budget Enforcement Procedures Specified in the Budget Control Act
- Report
CBO projects that in fiscal year 2011, Social Security's outlays will total $733 billion, one-fifth of the federal budget; OASI payments will account for about 82 percent of those outlays, and DI payments, about 18 percent.
- Blog Post
CBO projects that in fiscal year 2011, outlays for Social Security will total $733 billion, one-fifth of the federal budget. About 56 million people will receive Social Security benefits this year. Most are retired workers, their spouses, their children, or their survivors, who receive payments through Old-Age and Survivors Insurance (OASI). The remainder consist of disabled workers or their spouses and children, who receive Disability Insurance (DI) benefits.