H.R. 3874, Veterans Education Assistance Improvement Act As ordered reported by the House Committee on Veterans Affairs on July 26 2023. H.R. 3874 would make changes to education benefit programs administered by the Department of Veterans Affairs (VA). The costs of those programs are paid from mandatory appropriations. Enacting the…
As ordered reported by the House Committee on Natural Resources on June 13, 2023 Congressional Budget Office, Cost Estimate–August 10, 2023. Summary: H.R. 3389 would require the Departments of Agriculture and the Interior to evaluate the system that uses airplanes to drop containers of water and other fire retardants on…
The federal budget deficit was $1.6 trillion in the first 10 months of fiscal year 2023, the Congressional Budget Office estimates—more than twice the shortfall recorded during the same period last year. Revenues were 10 percent lower and outlays were 10 percent higher from October through July than they were…
Report: August 4, 2023. On July 12, 2023, the Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, the Director of the Congressional Budget Office, testified about Social Security’s finances. After the hearing, Chairman Sheldon Whitehouse, Ranking Member Chuck Grassley, and Senator Ron Wyden submitted questions…
August 4, 2023. As ordered Reported by the House Committee on Oversight and Accountability on July 12, 2023. Summary: H.R. 4503 would require the Office of Management and Budget (OMB) to expand a training program to provide federal managers with an introductory understanding of the operational benefits and privacy risks…
Originally posted by John McClellan et. al. on July 25, 2023. As part of the legislative process, the Congressional Budget Office* supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This…
Original Posting by David Mosher et.al. on July 24, 2023* As part of the legislative process, the Congressional Budget Office supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This is…
Original posting by Richard DeKaser on the CBO Blog, July 21,2023.* As part of the legislative process, the Congressional Budget Office supplies the Congress with cost estimates for legislation, economic and budget projections, and other economic assessments. Information from the research community is an important element of CBO’s analyses. This…
The following is a list of CBO reports and other documents reflecting recent activity, received on July 21, 2023: Legislation considered under suspension of the Rules of the House of Representatives during the week of July 24, 2023 H.R. 2948, the CARS Act H.R. 915, the Motor Carrier Safety Selection…
Report, July 14, 2023 CBO estimates that plans for U.S. nuclear forces, as described in the fiscal year 2023 budget and supporting documents, would cost $756 billion over the 2023–2032 period, $122 billion more than CBO’s 2021 estimate for the 2021–2030 period. Summary: Nuclear weapons have been an important component…