This posting includes the Summary and a link to the full text of CBO’s Director, Phillip Swagel’s testimony before the House Appropriations Committee’s Subcommittee on the Legislative Branch. A supporting mission statement is included. SUMMARY: Chairman Amodei, Ranking Member Espaillat, and Members of the Subcommittee, thank you for the opportunity…
H.R.7156, as ordered reported by the House Committee on Financial Services on February 29, 2024. CBO Summary: H.R. 7156 would expand the authority of the Secret Service to investigate financial crimes. Specifically, the bill would authorize the Secret Service to investigate the operations of unlicensed money transmitting businesses—entities that provide…
A presentation by Chapin White, CBO’s Director of Health Analysis, at the David Rogers Health Policy Colloquium, Weill Cornell Medicine. SUMMARY: This presentation provides a brief look at Congressional Budget Office’s work related to federal spending on health care and the recent slowdown in the growth of such spending. It…
The following is information compiled by the Congressional Budget Office (CBO) regarding H.R.7322, Standing Up to the Executive Branch for Act 2024, as ordered reported by the House Committee of the Judiciary on February 15. 2024. It includes a brief summary of the bill, and links to estimated cost of…
Projections of the Congressional Budget Office, “The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally remained unchanged. This report is…
Today 1/19 we received the following posting from Deborah Kilroe of the Congressional Budget Office (CBO) announcing the release of its budget outlook on February 7. We are forwarding this announcement as a service to our readers: The Congressional Budget Office will release The Budget and Economic Outlook: 2024 to 2034 at…
A presentation by Congressional Budget Office (CBO) analysts Rebecca Heller, Shannon Mok, and James Pearce, and Census Bureau research economist Jonathan Rothbaum at the American Economic Association Annual Meeting, Committee on Economic Statistics on January 5, 2024. According to the CBO, the purpose of this presentation is to summarize preliminary…
In this document, the Congressional Budget Office (CBO) provides information concerning implementation of the caps on most discretionary funding for fiscal year 2024 as established by the Fiscal Responsibility Act of 2023. Summary of Document: In this document, a letter from Philip L. Swagel, Director of the Congressional Budget Office, The…
December 15, 2023 The Congressional Budget reports that its May 2022 projections for fiscal year 2023, CBO overestimated revenues by 11 percent and underestimated outlays by 9 percent. CBO’s projection of the federal deficit for 2023 was less than the actual amount by 3.9 percent of GDP. SUMMARY: After each…
In this report CBO responds to questions about the agency’s current view of economic growth and interest rates and the implications of that view for the federal budget—as well as about the implications of inflation for workers. SUMMARY: This letter responds to questions about the Congressional Budget Office’s current view…