Social Security
- Cost Estimate
H.R. 227, Clergy Act
As reported by the House Committee on Ways and Means on January 7, 2026
- Report
The Budget and Economic Outlook: 2026 to 2036
In CBO's projections, the federal budget deficit in fiscal year 2026 is $1.9 trillion, and federal debt rises to 120 percent of GDP in 2036. Economic growth strengthens in 2026 and moderates in later years.
- Presentation
Challenges of Long-Term Social Security Forecasting
Presentation by Molly Dahl, CBO's Chief of Long-Term Analysis, at NBER's Summer Institute 2025: Economics of Social Security.
- Report
CBO's 2025 Long-Term Projections for Social Security
In lieu of publishing a separate report providing CBO's latest long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Presentation
CBO’s Social Security Projections
Presentation by Julie Topoleski, CBO’s Director of Labor, Income Security, and Long-Term Analysis, at the 17th Annual Meeting of the OECD Working Party of Parliamentary Budget Officials and Independent Fiscal Institutions.
- Report
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.
- Blog Post
Director’s Statement on the Budget and Economic Outlook for 2025 to 2035
CBO’s Director, Phillip Swagel, discusses the current budget and economic outlook.
- Report
The Budget and Economic Outlook: 2025 to 2035
In CBO’s projections, the federal budget deficit is $1.9 trillion this year, and federal debt rises to 118 percent of GDP in 2035. Economic growth slows and inflation declines over the next two years; both remain moderate after 2026.
- Report
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.
- Report
Options for Reducing the Deficit: 2025 to 2034
CBO periodically issues a compendium of policy options and their estimated effects on the federal budget. This report presents 76 options for altering spending or revenues to reduce federal budget deficits over the next decade.