Outlook for the Budget and the Economy
- Blog Post
Revenue Collections Through the Individual Income Tax Filing Season
Collections of federal revenues from October 2025 to mid-May 2026 totaled $3.5 trillion, about $50 billion (or 1 percent) less than would be expected on the basis of CBO's February 2026 baseline projections.
- Interactive
How Changes in Discretionary Funding for the Budget Year Affect Outlays, 2027 to 2036: An Interactive Tool
This tool is a simplified version of the model that CBO uses to estimate baseline outlays from discretionary budget authority and to develop cost estimates for legislation that authorizes or provides discretionary appropriations.
- Report
Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2026 to 2036
The Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Committee on Finance convened a hearing at which CBO's Director testified. This document provides CBO's answers to questions submitted for the record.
- Interactive
How Changes in Economic Conditions Might Affect the Federal Budget, 2026 to 2036: An Interactive Tool
This tool allows users to define and analyze alternative economic scenarios and see how federal revenues, outlays, and deficits and debt under those scenarios might differ from outcomes in CBO's 10-year budget projections.
- Report
How Changes in Economic Conditions Might Affect the Federal Budget: 2026 to 2036
To show how economic conditions 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
Testimony on The Budget and Economic Outlook: 2026 to 2036
CBO Director Phillip Swagel testifies about the agency's most recent analysis of the outlook for the budget and the economy before the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth.
- Blog Post
An Update About CBO's Projections of the Budgetary Effects of Tariffs
CBO provides information about how the recent Supreme Court ruling on tariffs affects the agency's budget projections.
- Blog Post
How Budgetary and Economic Outcomes Might Differ From CBO's February 2026 Projections
Members of Congress have asked what might cause deficits and debt over the next 10 years to be lower than CBO has projected. CBO's Director recaps his answers to their questions about economic growth, revenues, and spending.
- Report
The Long-Term Budget Outlook Data: 2026 to 2056
In lieu of publishing a report providing CBO's latest long-term budget outlook, the agency is publishing the data that it would have presented in that report.
- Blog Post
CBO's Updated Projections of the Hospital Insurance Trust Fund's Finances
CBO estimates that the Hospital Insurance Trust Fund's balance is exhausted in 2040. The balance generally increases through 2031, but spending begins to outstrip income in the following year.