Outlook for the Budget and the Economy - Congressional Budget …
Jun 18, 2024 · CBO's Budget and Economic Outlook, typically produced in January each year and updated in August, includes an economic forecast and projections of spending and revenues under current law—known as baseline projections—over the next 10 years. CBO also updates its budget projections each spring in conjunction with its …
The Demographic Outlook: 2025 to 2055 - Congressional Budget …
Jan 13, 2025 · The size of the U.S. population and its composition by age and sex have significant implications for the economy and the federal budget. For example, the number of people ages 25 to 54 affects the number of people who are employed, and the number of people age 65 or older affects the number of Social Security and Medicare beneficiaries.
Reconciling the Official Poverty Measure and CBO’s Distributional ...
NotesNotes Numbers in the text and figures may not add up to totals because of rounding. All years referred to in this report are calendar years. All dollar amounts are expressed in 2021 dollars; values in the thousands are rounded to the nearest hundred. To convert dollar amounts to 2021 dollars, the Congressional Budget Office used the price index for personal consumption expenditures from ...
Organization and Staffing - Congressional Budget Office
Budget Analysis Division. The Budget Analysis Division produces baseline projections of federal spending, publishes cost estimates for nearly every bill approved by Congressional committees, and fulfills thousands of requests for technical assistance as committees are considering which legislation to advance. The cost estimates include estimates not only of the effects of the legislation on ...
Congressional Budget Office
CBO describes its projections of the federal budget and the U.S. economy under current law for this year and the decade that follows. In those projections, the federal budget deficit in fiscal year 2025 is $1.9 trillion and grows to $2.7 trillion by 2035 (if adjusted to remove the effects of shifts in the timing of certain payments that otherwise would have fallen on a weekend or holiday).
10 Things to Know About CBO | Congressional Budget Office
Jan 7, 2025 · 1. Lawmakers created the Congressional Budget Office to help the Congress play a stronger role in budget matters. CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process.
Expired and Expiring Authorizations of Appropriations: 2025 …
Jul 25, 2024 · CBO reports annually on programs whose authorizations of appropriations have already expired or will expire. This data file covers legislation enacted through September 30, 2024. A full report will be issued later this year.
Budget and Economic Data - Congressional Budget Office
Long-Term Budget Projections. Extensions of 10-year budget projections for additional decades. Beginning in March 2021, extensions of 10-year economic projections for additional decades are included in the supplemental files that contain CBO’s long-term economic projections.
December 20, 2024 H.R. 10545, American Relief Act, 2025 As Introduced on December 20, 2024 Table 1 compiles CBO’s estimates of discretionary spending for 2025 under division A of the Further Continuing Appropriations and Disaster Relief Supplemental Appropriations Act, 2025. Division A would provide for the continuation, through March 14, 2025, of the appropriations and authorities contained ...
CBO’s Current View of the Economy From 2025 to 2027
The Congressional Budget Office periodically updates its economic forecast to reflect recent economic developments and changes in laws that affect taxes and spending. This report provides details about CBO’s latest projections of the economy through 2027 (see Table 1). Those projections reflect economic developments and current law as of December 4, 2024. Early next year, the agency will ...