Economy
- Report
The Accuracy of CBO's Budget Projections for Fiscal Year 2025
In its June 2024 projections for fiscal year 2025, CBO underestimated revenues by 6 percent and outlays by 2 percent. The agency overestimated the federal budget deficit by 0.7 percent of GDP.
- Report
CBO's Current View of the Economy From 2026 to 2028
CBO provides details about its latest projections of the economy through 2028. Those projections were finalized on December 3, 2025.
- Presentation
How Economists Can Help Inform Economic and Budget Analysis Used by the U.S. Congress
Presentation by Jeffrey Kling and Heidi Williams at the 2026 Allied Social Science Associations (ASSA) Annual Meeting
- Blog Post
CBO Releases Planned for Early 2026
CBO announces what to expect in the coming weeks as the agency begins the new calendar year with a series of reports that offers updated insights into the nation's demographic trends, economic outlook, and budgetary conditions.
- Blog Post
CBO's Updated Projections of the Budgetary Effects of Tariffs as of November 15, 2025
Tariffs have changed frequently throughout 2025. CBO has regularly updated Congress about how those changes affect projected tariff revenues. This blog post is the latest in that series.
- Cost Estimate
H.R. 478, Promoting New Bank Formation Act
As reported by the House Committee on Financial Services on May 6, 2025
- Report
A Quantitative Analysis of the Effects of the Government Shutdown on the Economy Under Three Scenarios, as of October 29, 2025
CBO estimates the effects on the economy of a government shutdown that ends after four weeks, six weeks, and eight weeks.
- Report
A Qualitative Analysis of the Effects of the Government Shutdown on the Economy as of October 17, 2025
In response to a request from Chairman Jodey Arrington, CBO provides a qualitative analysis of the effects of the government shutdown on federal employment, real GDP, the labor market, business activity and income, and tourism.
- Cost Estimate
H.R. 3230, Financial Institution Regulatory Tailoring Enhancement Act
As reported by the House Committee on Financial Services on June 20, 2025
- Cost Estimate
H.R. 3379, HUMPS Act of 2025
As reported by the House Committee on Financial Services on June 25, 2025