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:
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2023
This bill would:
• Authorize the Department of Homeland Security (DHS) to provide danger pay allowances to employees who
CBO’s Director, Phillip Swagel, testifies about the agency’s projections of Social Security’s finances before the Senate Budget Committee.
Established in 1974, The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government. It is charged with providing members of Congress objective analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation. This posting includes a summary of Director Swagel’s testimony, a link to the full text of the testimony, and a list of publications that relate to the testimony.
Summary:
In an earlier posting, CBO Projections: The 2023 Budget, we provided Congressional Budget Office (CBO) documents which discuss, from a budgetary perspective, their analysis and projections of what the federal budget and economy would look like over the next 20 years, if current laws generally remain unchanged. In this posting we focus primarily on material provided by the U.S. Government Accountability Office (GAO) to provide more general dimension to this discussion. The Budget and Accounting Act of 1921 formed the then named General Accounting Office to investigate all matters related to the use of public funds. The Act also required GAO to report its findings to Congress and recommend ways to increase economy and efficiency in government spending. It is an independent, non-partisan agency that works for Congress.
Both the GAO and the CBO are partners in supporting Congress in its effort to ensure accountability to the American people. While both can be involved in the development and analysis of federal and defense budgets, sometimes collaborating in these initiatives, the GAO is also responsible for monitoring expenditures, including excessive spending, and issuing legal decisions on matters such as those related to disputes involving the awarding of government contracts, and has the power to investigate activities of the executive branch, although its enforcement powers are considered negligible.
Regarding The State of the Economy of the United States: As Viewed by GAO and CBO, there are indications from the various federal agencies reporting on these matters that over the long term the nation’s fiscal health may be in peril if current fiscal policies remain unchanged..
During this past week (week ending June 30, 2023) we have received listings of 23 Government and Administrative Law Summaries, 77 Constitutional Law summaries, 73 Criminal Law, and 3 U.A. Supreme Court Summaries . Also included under a separate link are three additional U.S. Supreme Court Opinions released on July 1, 2023. We plan is to continue posting opinion summaries, under corresponding areas of law, weekly whenever possible in order to keep blog readers updated. To gain access to these case summaries, click on the corresponding links below:
Opinion Summaries Posted for Week Ending June 30, 2023:
Report June 28, 2023:
Introduction:
The U.S. faces a challenging fiscal outlook in the coming years, according to CBO’s projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level.
Established in 1974, The Congressional Budget Office is a federal agency within the legislative branch of the United States government. It is charged with providing members of Congress objective analysis of budgeting and economic issues to support the congressional budget process. Each year, CBO economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation.
For the past several months I have been receiving directly from CBO links to which I now plan to begin posting selectively on this blog in the interest of information sharing. If there appears to be sufficient interest among readers of this blog over a period of time, I plan to continue posting selections I receive from CBO
June 29,2023 – Report:
This posting contains additional information not included in my June 22,2023 posting: HR. 3564 Middle Class Borrower Protection Act of 2023.
As posted on the website of the House Committee on Rules on June 20, 2023
As reported by the Senate Committee on Foreign Relations on June 13, 2023.
Summary:
S. 1074 would require the Departments of State and Defense to identify and report to the Congress on U.S. goods and services that China relies on and Chinese goods and services that the federal government procures and relies on. The bill also would require those departments to report on policies to reduce the federal government’s reliance on Chinese imports and respond to potential coercive action by the Chinese government. On the basis of information about the costs of similar reports, CBO estimates that implementing the bill would cost less than $500,000 over the 2023-2028 period. Any spending would be subject to the availability of appropriated funds.
As reported by the Senate Committee on Foreign Relations on June 13, 2023
Summary:
S. 308 would require the Department of State to influence international organizations to reclassify China as a developed country instead of as a developing country. On the basis of information about the costs of diplomatic efforts to influence the actions of other nations and international organizations, CBO estimates that implementing the bill would cost less than $500,000 over the 2023-2028 period. Any spending would be subject to the availability of appropriated funds.
Criminal Law Library Blog