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.
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.
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.
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 by Phill Swagel, CBO’s Director, to the Committee on the Budget, U.S. House of Representatives.
The Budgetary Effects of Laws Enacted in Response to the 2020 Coronavirus Pandemic, March and April 2020
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.
Preventive medical care includes services that can prevent diseases from occurring and detect diseases before symptoms appear. This report describes how CBO estimates the effects on the federal budget of proposals to expand the use of such services.
In this letter, CBO responds to questions about the economic outlook, describing how its projections of U.S. gross domestic product have declined since January and how recent legislation will affect the economy.