Today CBO released its Monthly Budget Review, reflecting an analysis of budget data through the end ofMay 2009. CBO estimates that the federal deficit so far this year is $984 billion$646billion more than the deficit recorded at the same point last year. That estimate includes outlays of about $130 billion for the Troubled Asset Relief Program, recorded on a net-present-value basis (adjusted for market risk).
June 2009
The near- and long-term implications of the Modularity Initiative and the Future Combat Systems (FCS) programs, which would change how the Army is organized and equipped, are examined in a CBO studyreleased today. Also explored in thestudy are three alternatives for modernizing the Armys combat forces using modified versions of the FCS program.