CBO must issue a report that provides estimates of the caps on discretionary budget authority in effect for each fiscal year through 2021. CBO must also report whether, based on its estimates, enacted legislation has exceeded those caps.
CBO learns from many outside experts. Part of that learning comes from its Panel of Health Advisers, which consists of widely recognized experts in health policy and the health care sector. Today CBO announces its panel members for 2014.
Between 2000 and 2012, the cost of providing health care to service members, retirees, and their families increased by 130 percent (after adjusting for inflation). What approaches might curtail the growth in those costs?
The federal government ran a budget deficit of $182 billion for the first three months of fiscal year 2014, CBO estimates, $111 billion less than the shortfall recorded in first three months of last year.