CBO’s Director, Phillip Swagel, testifies before the House Appropriations Committee’s Subcommittee on the Legislative Branch.

CBO's Director, Phillip Swagel, discusses his most recent and upcoming presentations about the agency's long-term budget projections, demographic projections, and the overall fiscal outlook.

This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO's February 2024 projections.

The federal budget deficit totaled $1.1 trillion in the first half of fiscal year 2024, CBO estimates—$37 billion less than the deficit recorded during the same period last fiscal year.

As ordered reported by the House Committee on Education and the Workforce on March 21, 2024

CBO summarizes recent research findings about Medicare accountable care organizations and the factors that have contributed to or limited their ability to achieve net budgetary savings for the Medicare program.

As ordered reported by the House Committee on Foreign Affairs on March 21, 2024

As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 6, 2024

As reported by the House Committee on Financial Services on December 22, 2023

As ordered reported by the House Committee on Oversight and Accountability on March 7, 2024

As reported by the Senate Committee on Energy and Natural Resources on December 12, 2023

As reported by the House Committee on Energy and Commerce on October 25, 2023

As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding. In CBO’s estimation, they have not, and a sequestration will not be required for 2024.

The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

As reported by the House Committee on House Administration on January 29, 2024

H.R. 7032, the Congressional Budget Office Data Sharing Act, would amend the Congressional Budget Act of 1974 to clarify and strengthen the agency’s general authority for accessing data from executive branch agencies.

In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.

As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on January 31, 2024

CBO estimates that construction of 18 medium landing ships would cost between $6.2 billion and $7.8 billion in 2024 dollars. CBO’s estimates range from two to roughly three times the Navy’s current estimates.

Between 1980 and 2022, the shipbuilding composite index grew an average of 1.2 percentage points faster per year than the GDP deflator did. Looking ahead, a gap of roughly 1 percentage point would be consistent with historical experience.