Poverty and Income Security
- Report
The 2020 Long-Term Budget Outlook
CBO presents its projections of what federal deficits, debt, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change.
- Report
The Effects of Pandemic-Related Legislation on Output
By providing financial support to households, businesses, and state and local governments, federal laws enacted in response to the 2020 coronavirus pandemic will offset part of the deterioration in economic conditions brought about by the pandemic.
- Report
An Update to the Budget Outlook: 2020 to 2030
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.
- Blog Post
CBO to Release Updated Budget Projections on September 2
The report will contain CBO’s latest baseline budget projections, which will be based on the economic projections that the agency released in July and will incorporate legislation enacted through August 4.
- Report
Characteristics of People Receiving Regular Unemployment Benefits in July 2020
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.
- 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.
- Presentation
How CBO Adjusts for Underreporting of Means-Tested Transfers in Its Distributional Analyses
Presentation by Bilal Habib, an analyst in CBO’s Tax Analysis Division, to the Bureau of Economic Analysis Advisory Committee.
- Presentation
How CBO Models Firms' Behavior in HISIM2 in Its Baseline Budget Projections as of March 6, 2020
CBO uses HISIM2 to model firms’ decisions to offer health insurance and households’ decisions to enroll in health insurance. This slide deck describes the analytical methods used in HISIM2 to model firms’ decisions in CBO’s most recent baseline budget projections.
- Report
The Budget and Economic Outlook: 2020 to 2030
In CBO’s projections of the outlook under current law, deficits remain large by historical standards, federal debt grows to 98 percent of GDP by 2030, and the economy expands at an average annual rate of 1.7 percent from 2021 to 2030.