COVID-19
- Report
How CBO Analyzes Approaches to Improve Health Through Disease Prevention
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.
- Report
The Decline in CBO’s Projections of Gross Domestic Product for 2020 and 2021
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.
- Report
Monthly Budget Review for May 2020
The federal budget deficit was about $1.9 trillion in the first eight months of fiscal year 2020, CBO estimates, $1.2 trillion more than the deficit recorded during the same period last year.
- Report
Budgetary Effects of the 2020 Coronavirus Pandemic
CBO describes certain budgetary effects of the coronavirus pandemic, including how tax deferrals will affect federal revenues and what laws enacted in response to the pandemic will have the largest effect on the federal budget deficit.
- Report
Economic Effects of Additional Unemployment Benefits of $600 per Week
The CARES Act granted a temporary increase of $600 per week in the benefit amount provided by unemployment programs. In this letter, CBO examines the economic effects of extending that increase from July 31, 2020, to January 31, 2021.
- Report
Comparison of CBO’s May 2020 Interim Projections of Gross Domestic Product and Its January 2020 Baseline Projections
The two largest differences between the two forecasts result from the economic effects of the COVID-19 pandemic in reducing output and the legislation enacted between January and early May in response, which partly offsets that reduction.
- Report
Answers to Questions for the Record Following a Hearing on CBO’s Appropriation Request for Fiscal Year 2021 Conducted by the Subcommittee on the Legislative Branch, Senate Committee on Appropriations
The Senate Appropriations Committee convened a hearing at which Director Phillip Swagel testified about CBO’s appropriation request for fiscal year 2021. This document provides CBO’s answers to questions submitted for the record.
- Report
Interim Economic Projections for 2020 and 2021
CBO estimates that real gross domestic product will contract by 11 percent in the second quarter of this year, which is equivalent to a decline of 38 percent at an annual rate, and that the number of people employed will be almost 26 million lower than the number in the fourth quarter of 2019.
- Report
CBO’s Current Plan for Its Major Periodic Reports This Year
CBO plans to adjust its usual report schedule to keep the Congress informed about the rapidly evolving economic and budgetary consequences of the 2020 coronavirus pandemic.