Congressional Budget Office’s transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes SUMMARY: Transparency is a top priority for the Congressional Budget Office, and the agency…
Report-April 11, 2025. The Congressional Budget Office* “(CBO) provides an overview of federal tax credits that support investment in wind and solar electric power. The agency also explains how it assesses the credits’ budgetary and economic effects and how its baseline reflects JCT’s revenue estimates.” SUMMARY: The federal government provides…
April 10, 2025, Report The Congressional Budget Office (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. SUMMARY: This letter responds to a request for an analysis of projected deficits and…
The Congressional Budget Office (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. Summary: This letter responds to a request for an analysis of projected deficits and debt under alternative scenarios for…
The Congressional Budget Office (CBO)* has created a workbook to allow 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 January 2025 projections. SUMMARY: This workbook allows users to define and analyze alternative economic scenarios…
From: Congressional Budget Office (CBO). Posted by Phil Swagel, CBO Director on February 24, 2025. Fifty years ago today, Alice Rivlin was appointed to lead the Congressional Budget Office as the agency’s first director. Gathering in a single room in the Dirksen Senate Office Building (CBO’s original home), Rivlin and…
Report: February 13, 2025. Congressional Budget (CBO) cost estimates, which represent the agency’s best assessment of a bill’s budgetary effects, can be subject to uncertainty arising from various sources. CBO describes how it addresses six common sources of uncertainty. SUMMARY: The Congressional Budget Act of 1974 requires the Congressional Budget…
February 3, 2025. Congressional Budget office (CBO) requests appropriations of $75.8 million for fiscal year 2026. The requested amount is an increase of $5.8 million, or 8.2 percent, above the annualized funding (at the 2024 level) under the continuing resolution currently in effect. Request Summary: The Congressional Budget Office requests…
In a January 13, 2025 Report, The Demographic Outlook: 2025-2055, Congressional Budget Office projects, the U.S. population will increase from 350 million people in 2025 to 372 million in 2055, and the average age will also rise. Beginning in 2033, annual deaths will exceed annual births, and net immigration accounts…
Learn more about CBO’s work and its processes in the below publication that is typically updated at the start of each Congress. Publication Summary: Lawmakers created the Congressional Budget Office to help the Congress play a stronger role in budget matters. CBO was established by the Congressional Budget Act of…