Long-Term Budget Analysis
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Answers to Questions for the Record Following a Hearing on the Navy’s 2025 Shipbuilding Plan and Its Implications for the Shipbuilding Industrial Base
The House Subcommittee on Seapower and Projection Forces convened a hearing at which Eric J. Labs, CBO's Senior Analyst for Naval Forces and Weapons, testified. This document provides CBO’s answers to questions submitted for the record.
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Projections of Deficits and Debt Under an Alternative Scenario for the Budget
CBO analyzed the effects of an alternative budget scenario in which certain provisions of the 2017 tax act were extended permanently and revenues were reduced by additional amounts.
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The Long-Term Budget Outlook: 2025 to 2055
Extending the 10-year budget projections it published on January 17, 2025, CBO projects that federal debt held by the public, boosted by sustained deficits, will grow far beyond any previously recorded level over the next 30 years.
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Projections of Deficits and Debt Under Alternative Scenarios for the Budget and Interest Rates
CBO analyzed the effects of alternative budget scenarios in which provisions of the 2017 tax act were extended and the average interest rate on federal debt increased.
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CBO to Release Long-Term Budget Projections
CBO will publish The Long-Term Budget Outlook: 2025 to 2055 on Thursday, March 27, at 2 p.m. EDT.
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Testimony on the Navy’s 2025 Shipbuilding Plan and Its Implications for the Shipbuilding Industrial Base
Eric J. Labs, Senior Analyst for Naval Forces and Weapons in CBO’s National Security Division, testifies before the House Armed Services Committee's Subcommittee on Seapower and Projection Forces.
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Upcoming and Recent Speaking Engagements
CBO's Director, Phillip Swagel, discusses his upcoming and recent speaking engagements about the agency’s projections for the federal budget and the U.S. economy and the overall fiscal outlook.
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The Demographic Outlook: 2025 to 2055
In CBO’s projections, the U.S. population increases from 350 million people in 2025 to 372 million in 2055, and the average age rises. Beginning in 2033, annual deaths exceed annual births, and net immigration accounts for the growth.
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An Analysis of the Navy’s 2025 Shipbuilding Plan
Under the Navy’s 2025 shipbuilding plan, total shipbuilding costs would average about $40 billion per year (in 2024 dollars) through 2054, CBO estimates, as the Navy built a fleet of 390 battle force ships.
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Extending Medicaid and CHIP Coverage for Children: Long-Run Budgetary Effects of the President’s 2025 Budget Proposal
CBO estimates how expanding certain children’s eligibility for Medicaid or the Children’s Health Insurance Program over the next 10 years would affect the U.S. economy and the federal budget through the end of the century.