Congressional Budget Office
CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. CBO does not …
10 Things to Know About CBO - Congressional Budget Office
Jan 7, 2025 · CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process. CBO …
Budget | Congressional Budget Office
Jan 17, 2025 · CBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, …
Budget and Economic Data | Congressional Budget Office
Projections of output, prices, labor market measures, interest rates, and income. Beginning in January 2020, these files also include projections of potential GDP (the economy’s maximum …
Organization and Staffing | Congressional Budget Office
The division is also responsible for CBO’s long-term budget projections and collaborates on analyses of the long-term effects of proposed legislation. Biographies and Staff Listings …
Reports - Congressional Budget Office
In CBO’s projections, the U.S. population increases from 350 million people in 2025 to 372 million in 2055, and the average age rises. Beginning in 2033, annual deaths exceed annual births, …
Outlook for the Budget and the Economy - Congressional Budget …
Jan 17, 2025 · CBO also updates its budget projections each spring in conjunction with its analysis of the President's budgetary proposals. By showing outcomes if current laws …
An Update to the Budget and Economic Outlook: 2024 to 2034
CBO’s baseline reflects discretionary funding related to the surge only to the extent that any funding is reflected in the most recent (2024) appropriations. CBO has no basis for judging …
An Update to the Budget and Economic Outlook: 2024 to 2034
Jun 18, 2024 · In CBO’s projections, the deficit totals nearly $2 trillion this year. Large deficits push federal debt held by the public to 122 percent of GDP in 2034. Economic growth slows to …
The Budget and Economic Outlook: 2024 to 2034
Projections at a Glance The Federal Budget The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Thereafter, deficits …