The attempted assassination of former President Donald Trump on Saturday was a dreadful and unspeakable event, marking a significant and alarming blow to America’s already tenuous grasp on democracy and the rule of law. Such an attack on an individual campaigning for the highest office in the nation is not…
Over the past three months, the Congressional Budget Office has produced a variety of budget and economic analyses, cost estimates, and analytic products, thus fulfilling its core mission of supporting the Congress during each stage of the legislative process. This newsletter is a companion to CBO’s Recent Publications and Work in…
According to the Congressional Budget Office the federal budget deficit was $1.2 trillion in the first eight months of fiscal year 2024, CBO estimates—$38 billion more than the deficit recorded during the same period last fiscal year. SUMMARY: The federal budget deficit was $1.2 trillion in the first eight months…
From the Congressional Budget Office (CBO): June 4, 2024 CBO’s Director, Phillip Swagel, testifies before the House Ways and Means Committee’s Subcommittee on Social Security about the significant financial challenge the program faces in the coming decades SUMMARY: Chairman Ferguson, Ranking Member Larson, and Members of the Subcommittee, thank you…
This posting includes an excerpt from the Report on the Investigation Into Unauthorized Removal, Retention, and Disclosure of Classified Documents Discovered at Locations Including the Penn Biden Center and the Delaware Private Residence of President Joseph R. Biden, Jr. prepared for the Attorney General of the United States by Special Counsel Robert K.…
A May 13, 2024 presentation at the American Enterprise Institute by the Congressional Budget Office (CBO). In its work for the Congress, CBO regularly projects budgetary and economic outcomes over the 10-year budget window (the period used in the Congressional budget process) and for an additional 20 years. This presentation…
On April 10, 2024, CBO’s Director, Phillip Swagel, testified before the House Appropriations Committee’s Subcommittee on the Legislative Branch regarding the Congressional Budget Office’s request for appropriations for fiscal year 2025. This posting includes a summary of the Director’s testimony followed by a link to his complete testimony and links…
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…