July 2020

  • United States Capitol Building in Washington, DC

    CBO's Work in Progress as of July 6, 2020

    Each quarter, CBO provides information about its work in progress. As of July 6, the agency was working on 96 cost estimates for legislation in addition to 29 analytic products.

  • United States Department of the Treasury Building, Washington DC

    Monthly Budget Review for June 2020

    The federal budget deficit was $2.7 trillion in the first nine months of fiscal year 2020, CBO estimates, $2.0 trillion more than the deficit recorded during the same period last year.

  • Trends in the Internal Revenue Service’s Funding and Enforcement

    CBO examines the IRS’s enforcement activities between 2010 and 2018 and analyzes how the decline in those activities reflects the decline in its funding and staff over that period. CBO also estimates how changes to the IRS’s budget could affect federal revenues.

  • Growth of Real GDP and Real Potential GDP

    An Update to the Economic Outlook: 2020 to 2030

    CBO projects that from 2020 to 2030, annual real GDP will be 3.4 percent lower, on average, than it projected in January. The annual unemployment rate, which was projected to average 4.2 percent, is now projected to average 6.1 percent.