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The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
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The Subcommittee on Health of the House Committee on Energy and Commerce convened a hearing at which Chapin White, CBO’s Director of Health Analysis, testified. This document provides CBO’s answers to questions submitted for the record.
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CBO expects to be able to provide an estimated range of the budgetary effects of H.R. 1770, the Equitable Community Access to Pharmacist Services Act, by the end of June 2024.
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The federal budget deficit increases significantly in relation to gross domestic product over the next 30 years, in CBO’s projections, pushing federal debt held by the public far beyond any previously recorded level.
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CBO provides an update to an earlier estimate of the effects of a potential sequestration under the caps established by the Fiscal Responsibility Act of 2023.
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The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified about the work of CBO. This document provides CBO’s answers to questions submitted for the record.
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The federal budget deficit totaled $830 billion in the first five months of fiscal year 2024, CBO estimates. That amount is $108 billion more than the deficit recorded during the same period last fiscal year.
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CBO describes the role of Federal Home Loan Banks (a government-sponsored enterprise) in financial markets, their financial condition, the value of the federal subsidies they receive, and the risks they pose.
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CBO compares the housing standards used to determine the military’s basic allowance for housing (BAH) with the housing rented by comparable civilians. CBO also compares BAH rates with the rental costs paid by those civilians.
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CBO describes how funding for the IRS affects CBO’s revenue projections and how CBO estimates the revenue effects of rescissions of such funding. CBO also estimates the budgetary effects of rescinding varying amounts of the IRS’s funding.