Budget
- Report
How Changes in Economic Conditions Might Affect the Federal Budget: 2024 to 2034
To show how variations in economic conditions might affect its budget projections, CBO analyzed how revenues, outlays, and deficits might change if the values of key economic variables differed from those in the agency’s forecast.
- Report
Final Report on the Troubled Asset Relief Program
In September 2023, the last remaining investment made by the Treasury through the Troubled Asset Relief Program was repaid, thereby ending the program. CBO estimates that the government’s total subsidy cost was $31 billion.
- Report
Monthly Budget Review: March 2024
The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, CBO estimates—$37 billion less than the deficit recorded during the same period last fiscal year.
- Report
Final Sequestration Report for Fiscal Year 2024
As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding. In CBO’s estimation, they have not, and a sequestration will not be required for 2024.
- Report
Legislation Enacted in the First Session of the 118th Congress That Affects Mandatory Spending or Revenues
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2023 will reduce the deficit by $10 billion from 2023 to 2033—the net result of a $12 billion decrease in outlays and a $2 billion decrease in revenues.
- Report
Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2024 to 2034
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
- Report
The Long-Term Budget Outlook: 2024 to 2054
The federal budget deficit increases significantly in relation to gross domestic product over the next 30 years, in CBO’s projections, pushing federal debt held by the public far beyond any previously recorded level.
- Report
An Update About Implementing the Statutory Limits on Discretionary Funding for Fiscal Year 2024
CBO provides an update to an earlier estimate of the effects of a potential sequestration under the caps established by the Fiscal Responsibility Act of 2023.
- Report
Answers to Questions for the Record Following a Hearing on the Oversight of CBO
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified about the work of CBO. This document provides CBO’s answers to questions submitted for the record.
- Report
Monthly Budget Review: February 2024
The federal budget deficit totaled $830 billion in the first five months of fiscal year 2024, CBO estimates. That amount is $108 billion more than the deficit recorded during the same period last fiscal year.