In 2016, the military services allocated $25 billion to base operations support (BOS). CBO explores characteristics of bases and the mission of the units they serve, analyzing the relationship between those characteristics and BOS costs.
CBO Blog
CBO Director Phill Swagel attended an event at the University of Maryland honoring Professor Allen Schick, who is retiring after teaching there for many years, and spoke about the conflicts that have arisen in federal budgeting, the important nonpartisan role that CBO plays, and the fiscal challenges facing our nation.
In fiscal year 2019, the budget deficit totaled $984 billion—$205 billion more than the shortfall recorded in 2018. Measured as a share of GDP, the deficit increased to 4.6 percent in 2019, up from 3.8 percent in 2018 and 3.5 percent in 2017.
This tool demonstrates the effects of policies that would increase the federal minimum wage. Users can also create custom policy options to examine how different approaches to changing the minimum wage would affect earnings, employment, family income, and poverty.
CBO estimates that the Navy’s plan to modernize and operate its sealift ships over the next 30 years would cost roughly $39 billion. In this report, CBO explores four alternatives that would vary in cost from $34 billion to $40 billion.
CBO’s economic forecasts have been comparable in quality to those of the Administration and the Blue Chip consensus. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters.
In a presentation before the Treasury Borrowing Advisory Committee, CBO Director Phillip Swagel spoke about CBO’s latest 10-year budget and economic projections.
CBO examines choices lawmakers would face in establishing a federal tax on the miles traveled by commercial trucks—including choices about the tax base, rate structure, and implementation methods—and illustrates how such a tax might affect the federal budget.
Each quarter, CBO provides information about its work in progress. As of October 4, the agency was working on 140 cost estimates for bills in addition to 32 analytic reports and working papers.
CBO estimates that the total shipbuilding budget would average $31 billion per year, one-third more than the Navy estimates. The plan would require an increase of more than 50 percent compared with recent shipbuilding budgets.