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Congressional Budget Office CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis
CBOs Economic Forecasting Record: 2025 Update CBO assesses its two-year and five-year economic forecasts from as early as 1976 and compares them with those of the Administration, the Survey of Professional Forecasters, and the Blue Chip consensus
H. R. 1, One Big Beautiful Bill Act (Dynamic Estimate) The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H R 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2 4 trillion over the 2025-2034 period [1] That estimate reflects a $3 7 trillion reduction in revenues and a $1 3 trillion reduction in noninterest
Budget | Congressional Budget Office CBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, and a biannual set of options for reducing budget deficits
Budget and Economic Data - Congressional Budget Office CBO regularly publishes data to accompany some of its key reports These data have been published in the Budget and Economic Outlook and Updates and in their associated supplemental material, except for that from the Long-Term Budget Outlook
The Budget and Economic Outlook: 2025 to 2035 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
10 Things to Know About CBO - Congressional Budget Office CBO helps the Congress make effective budget and economic policy and offers an alternative to the information provided by the Office of Management and Budget and other agencies in the executive branch
Reports | Congressional Budget Office CBO provides information concerning outlays for the government's major mandatory programs and tax credits that are primarily means-tested and provide assistance to people with relatively low income or few assets
Distributional Effects of H. R. 1, the One Big Beautiful Bill Act CBO and the staff of the Joint Committee on Taxation (JCT) recently estimated the budgetary and distributional effects of H R 1 as passed on May 22, 2025 1 On the basis of those estimates, CBO allocated the effects on revenues and spending to households The agency also allocated to households the effects of states’ estimated responses to changes to health programs—primarily Medicaid
Introduction to CBO - Congressional Budget Office CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process and to help the Congress make effective budget and economic policy