Press Center - Congressional Budget Office
3 days ago · In addition, CBO publishes quarterly reports that summarize its work in progress and highlight the agency’s recent publications. Last updated: January 23, 2025. Find press releases, upcoming releases and press kit materials from CBO.
Congressional Budget Office Updates Baseline: Deficit Totals to …
5 days ago · Congressional Budget Office Updates Baseline: Deficit Totals to Third Highest in American History. WASHINGTON, D.C. – Last week, the Congressional Budget Office (CBO) released its updated budget projections for fiscal years (FY) 2025-2035.CBO’s report helps Congress understand the fiscal and economic challenges facing the country.
Congressional Budget Office
The Budget and Economic Outlook: 2025 to 2035; How CBO Supports the Congress; The Demographic Outlook: 2025 to 2055; The Accuracy of CBO’s Budget Projections for Fiscal Year 2024; Reconciling the Official Poverty Measure and CBO’s Distributional Analysis of Household Income; An Analysis of the Navy’s 2025 Shipbuilding Plan
Congressional Budget Office raises this year’s federal budget …
Jun 18, 2024 · WASHINGTON (AP) — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February.
Reports - Congressional Budget Office
Jan 15, 2025 · In CBO’s projections, the federal budget deficit is $1.9 trillion this year, and federal debt rises to 118 percent of GDP in 2035. Economic growth slows and inflation declines over the next two years; both remain moderate after 2026.
WHAT THEY’RE SAYING: Budget Members Sound the Alarm on CBO Budget …
Feb 8, 2024 · Yesterday, the nonpartisan Congressional Budget Office (CBO) released their February 2024 Budget Baseline for FY2024-2034, analyzing America’s fiscal trajectory. According to CBO, the gross federal debt is on track to grow by $20 trillion in just ten years, reaching a staggering $54.4 trillion.
Budget Office report credits immigration and spending deals with ...
Mar 20, 2024 · WASHINGTON (AP) — The nonpartisan Congressional Budget Office said Wednesday that it expects the federal government to be awash in debt over the next 30 years, but the outlook has improved over the past year due to increased immigration and agreements to reduce spending.
Congress Approves Spending Extension, Ending Shutdown Crisis
Dec 20, 2024 · “On this vote, the yeas are 85, the nays are 11. The bill is passed.” “After a chaotic few days in the House, it’s good news that the bipartisan approach in the end prevailed …
CBO raises 2024 federal budget deficit projection by $400 billion
Jun 19, 2024 · WASHINGTON — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate...
CBO projects a $188 billion decrease in this year's federal budget ...
Feb 7, 2024 · WASHINGTON (AP) — The Congressional Budget Office said Wednesday that it expects the federal budget deficit to drop by $188 billion this fiscal year to $1.5 trillion, a short-lived dip as the annual shortfall is likely to rise over the next nine years.