At least once a year, the Congressional Budget Office publishes a report providing the agency’s projections of what the federal budget and the economy would look like in the current fiscal year and over the next 10 years if current laws governing taxes and …
Eric J. Labs, Senior Analyst for Naval Forces and Weapons in CBO’s National Security Division, testifies before the House Armed Services Committee's Subcommittee on Seapower and Projection Forces.
Presentation by Jaeger Nelson, CBO’s Fiscal Studies Unit Chief, at the Hoover Institution’s Fiscal Policy Initiative: The Economic Consequences of U.S. Fiscal Policy Trends.
As Posted on the Website of the House Committee on Rules, March 8, 2025
S. 331 would automatically and permanently place all fentanyl-related substances (FRS, compounds that are structurally related to fentanyl) in Schedule I under the Controlled Substances Act (CSA), without any additional administrative action from the Drug …
The federal budget deficit totaled $1.1 trillion in the first five months of fiscal year 2025, the Congressional Budget Office estimates. That amount is $319 billion more than the deficit recorded during the same period last fiscal year. Revenues were $37 …
H.R. 1048 would expand disclosure and reporting requirements for all institutions of higher education that receive gifts from or enter into contracts with foreign countries or entities. Institutions that fail to meet the new requirements could be assessed …
S. 98 would require the Federal Communications Commission (FCC) to issue rules to amend the application review process for the high cost universal service program, which seeks to expand voice and broadband service in unserved or underserved areas. …
H.R. 302 would prohibit the Departments of Agriculture and the Interior from requiring certain entities to transfer their water rights to the United States as a condition for using public lands. The bill also would require the departments to consult with …
H. Con. Res. 9 would authorize the Fraternal Order of Police and its auxiliary to use the Capitol grounds on May 14, 2025, and May 15, 2025, or on such dates as the Speaker of the House of Representatives and the Senate Committee on Rules and …
This report summarizes the Congressional Budget Office’s estimates of the effects on mandatory spending or revenues of authorizing legislation that passed both Houses of Congress during the second session of the 118th Congress (which spanned the period …
Bill Summary H.J. Res. 25 would disapprove the final rule published by the Department of the Treasury in December 2024 relating to a provision of the 2021 Infrastructure Investment and Jobs Act (Public Law 117-58) that requires entities that qualify as “ …
Realized capital gains were historically high in 2021. CBO examined the significance of capital gains in different segments of the income distribution and how those gains have contributed to income inequality over time.
In response to a request from Ranking Member Boyle and Ranking Member Pallone, CBO provides information about projections of mandatory spending for the 2025–2034 period for the list of programs, excluding Medicare, that the Members indicated are under the …
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. Under suspension, floor debate is limited, all floor amendments are prohibited, points of order against the bill are …
S. 216 would authorize annual appropriations for the Marine Debris Program within the National Oceanic and Atmospheric Administration (NOAA) and would authorize a single-year appropriation for the Marine Debris Foundation. The bill would allow the …
H.R. 649 would allow schools that participate in the National School Lunch Program to serve whole, reduced-fat, or low-fat milk that is flavored or unflavored to students. Under current law, schools must offer milk that is fat-free or low-fat and may only …
Several events in the coming weeks will allow me to highlight CBO’s projections in The Budget and Economic Outlook: 2025 to 2035, as well as the agency’s ongoing work. On Monday, March 3, I will summarize the budget and economic outlook at an annual …
By Chad Shirley and William Swanson. This working paper provides an estimate of a probability distribution of changes in gross domestic product (GDP) in the year 2100 resulting from changes in temperature. To estimate that distribution, we perform a meta- …
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. Under suspension, floor debate is limited, all floor amendments are prohibited, points of order against the bill are …
