Retirement
- Report
An Update to the Budget Outlook: 2020 to 2030
CBO projects a federal budget deficit of $3.3 trillion in 2020, more than triple the shortfall recorded in 2019, mostly because of the economic disruption caused by the 2020 coronavirus pandemic and the enactment of legislation in response.
- Report
The Outlook for Major Federal Trust Funds: 2020 to 2030
CBO projects that the balances held by federal trust funds will fall by $43 billion in fiscal year 2020. Spending from the trust funds is projected to exceed income by $18 billion in 2021, a deficit that grows to $502 billion by 2030.
- Blog Post
CBO to Release Updated Budget Projections on September 2
The report will contain CBO’s latest baseline budget projections, which will be based on the economic projections that the agency released in July and will incorporate legislation enacted through August 4.
- Report
Baseline Budget Projections as of March 6, 2020
As usual, CBO has produced spring baseline budget projections to reflect recent legislation and technical changes. Those projections are based on the agency’s January economic forecast and do not account for changes arising from the current public health emergency.
- Report
The Budget and Economic Outlook: 2020 to 2030
In CBO’s projections of the outlook under current law, deficits remain large by historical standards, federal debt grows to 98 percent of GDP by 2030, and the economy expands at an average annual rate of 1.7 percent from 2021 to 2030.
- Presentation
A Presentation About Approaches to Changing Military Compensation
Presentation by Carla Tighe Murray, a consultant to CBO and former senior analyst for CBO’s National Security Division, to the Military Manpower Roundtable.
- Report
Approaches to Changing Military Compensation
This report examines military compensation and its effects on recruitment, retention, and motivation. CBO also provides a comparison with civilian compensation packages and examines five possible approaches for altering the way that DoD compensates military personnel.
- Presentation
The Effect of Employer Matching and Defaults on Workers’ TSP Savings Behavior
Presentation by Justin Falk and Nadia Karamcheva, analysts in CBO’s Microeconomic Studies Division, at the Allied Social Sciences Association’s Annual Meeting.
- Report
Answers to Questions for the Record Following a Hearing Conducted by the House Committee on the Budget: Key Design Components and Considerations for Establishing a Single-Payer Health Care System
The House Budget Committee convened a hearing at which members of CBO's staff testified about the agency’s report Key Design Components and Considerations for Establishing a Single-Payer Health Care System. This document provides CBO’s answers to questions submitted for the record.
- Report
CBO’s Long-Term Social Security Projections: Changes Since 2018 and Comparisons With the Social Security Trustees’ Projections
In June 2019, CBO updated its long-term budget projections, including projections of the Social Security system’s finances. CBO compares those projections with its 2018 projections and with the Social Security trustees’ latest projections.