Social Security
- Cost Estimate
S. 623, a bill to amend the Alaska Native Claims Settlement Act to exclude certain payments to aged, blind, or disabled Alaska Natives or descendants of Alaska Natives from being used to determine eligibility for certain programs, and for other purposes
As reported by the Senate Committee on Energy and Natural Resources on July 11, 2023
- Report
Answers to Questions for the Record Following a Hearing on Social Security’s Finances
The Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified about Social Security’s finances. This document provides CBO’s answers to questions submitted for the record.
- Presentation
CBO’s Long-Term Projections of Labor Force Participation Rates
Presentation by Julie Topoleski, the director of CBO’s Labor, Income Security, and Long-Term Analysis Division, at the NBER’s Summer Institute 2023: Economics of Social Security.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
- Report
Testimony on Social Security’s Finances
CBO’s Director, Phillip Swagel, testifies about the agency’s projections of Social Security’s finances before the Senate Budget Committee.
- Report
CBO’s 2023 Long-Term Projections for Social Security
In CBO’s projections, spending for Social Security increases relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the program’s trust funds would be exhausted in fiscal year 2033.
- Report
The 2023 Long-Term Budget Outlook
The U.S. faces a challenging fiscal outlook in the coming years, according to CBO's projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level.
- Cost Estimate
H.R. 1843, the Telehealth Expansion Act of 2023
As ordered reported by the House Committee on Ways and Means on
June 7, 2023 - Cost Estimate
H.R. 3667, the Social Security Child Protection Act of 2023
As ordered reported by the House Committee on Ways and Means on
June 7, 2023 - Cost Estimate
H.R. 3784, the Improving Social Security’s Service to Victims of Identity Theft Act
As ordered reported by the House Committee on Ways and Means on
June 7, 2023