Budget
- Report
Monthly Budget Review: Summary for Fiscal Year 2025
In fiscal year 2025, which ended on September 30, the federal budget deficit totaled $1.8 trillion—a decrease of $41 billion (or 2 percent) from the shortfall recorded in the previous year.
- Cost Estimate
Senate Amendment 3937 to H.R. 5371, the Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026
As posted on the Senate Amendment Tracking System on November 10, 2025
- Report
A Quantitative Analysis of the Effects of the Government Shutdown on the Economy Under Three Scenarios, as of October 29, 2025
CBO estimates the effects on the economy of a government shutdown that ends after four weeks, six weeks, and eight weeks.
- Cost Estimate
Public Law 119-21, to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14 Title VII, Finance, Subtitle B, Health, Chapter 1, Medicaid
As enacted on July 4, 2025
- Report
Testimony on Growth in the 340B Drug Pricing Program and Its Implications for the Federal Budget
Aditi Sen, Chief of CBO's Health Policy Studies Unit, testifies before the Senate Committee on Health, Education, Labor, and Pensions.
- Cost Estimate
Revised Estimate of Changes Under the 2025 Reconciliation Act for Exemptions From Medicare Price Negotiations for Orphan Drugs
CBO responds to questions regarding the orphan drug exemption under Public Law 119-25, the 2025 reconciliation act.
- Report
A Qualitative Analysis of the Effects of the Government Shutdown on the Economy as of October 17, 2025
In response to a request from Chairman Jodey Arrington, CBO provides a qualitative analysis of the effects of the government shutdown on federal employment, real GDP, the labor market, business activity and income, and tourism.
- Report
Monthly Budget Review: September 2025
The federal budget deficit was $1.8 trillion in fiscal year 2025, CBO estimates, $8 billion less than the shortfall recorded during fiscal year 2024.
- Report
Potential Effects of a Federal Government Shutdown
CBO assesses the possible effects of a government shutdown on the pay of federal employees and describes possible effects on the economy, business activity, procurements and contracts, and the operation of national parks and monuments.