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…
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…
From Congressional Budget Office (CBO): CBO’s Budget Director, Philip Swagel, testified before the House Committee on the Budget, September 11, 2024. Summary of Testimony: This year marks the 50th anniversary of the Congressional Budget Act of 1974—which established a new Congressional budget process, including creating the House and Senate Budget…
From the Congressional Budget Office (CBO)*. As reported by the Senate Committee on Health, Education, Labor, and Pension Committee on June 18, 2024. Summary: S. 3757 would reauthorize and expand activities administered by the Department of Health and Human Services (HHS) related to research, surveillance, and awareness of congenital heart…