Economy
- Report
Final Report on the Troubled Asset Relief Program
In September 2023, the last remaining investment made by the Treasury through the Troubled Asset Relief Program was repaid, thereby ending the program. CBO estimates that the government’s total subsidy cost was $31 billion.
- Report
The Shipbuilding Composite Index and Its Rates of Change Compared With Economywide Inflation Rates
Between 1980 and 2022, the shipbuilding composite index grew an average of 1.2 percentage points faster per year than the GDP deflator did. Looking ahead, a gap of roughly 1 percentage point would be consistent with historical experience.
- Interactive
Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2024 to 2034
This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO's February 2024 projections.
- Report
Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2024 to 2034
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.
- Report
The Long-Term Budget Outlook: 2024 to 2054
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.
- Blog Post
CBO to Release Long-Term Budget Projections on March 20
CBO will publish "The Long-Term Budget Outlook: 2024 to 2054" on March 20 at 2 p.m. The report will provide projections of federal spending, revenues, deficits, and debt for the next 30 years.
- Report
The Role of Federal Home Loan Banks in the Financial System
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.
- Report
Emissions of Greenhouse Gases in the Manufacturing Sector
CBO provides an overview of greenhouse gas emissions in the manufacturing sector, presents projections of future emissions, and explains how uncertainty about economic conditions, fuel prices, and technology affects those projections.
- Blog Post
Presentations on CBO’s New Projections
CBO's Director, Phillip Swagel, discusses his most recent and upcoming presentations about the projections in CBO’s report, "The Budget and Economic Outlook: 2024 to 2034."
- Report
Testimony on The Budget and Economic Outlook: 2024 to 2034
CBO’s Director, Phillip Swagel, testifies before the House Budget Committee.