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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
Key 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
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
Frequently Asked Questions | Congressional Budget Office Where can I find CBO's latest budget and economic projections? CBO issues 10-year budget projections (usually three times a year), 10-year economic forecasts (usually twice a year), reports on spending and revenues in the current fiscal year (monthly), and long-term budget projections (once a year)
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
Reports | Congressional Budget Office CBO assesses the possible effects of a government shutdown on the pay of federal employees and describes possible effects on the economy, business activity, procurements and contracts, and the operation of national parks and monuments
The Budget and Economic Outlook: 2025 to 2035 - Congressional Budget Office The Budget and Economic Outlook: 2025 to 2035 The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally remained unchanged This report is the latest in that series, presented in an abbreviated version to
An Update to the Budget and Economic Outlook: 2024 to 2034 In CBO’s projections, the deficit totals nearly $2 trillion this year Large deficits push federal debt held by the public to 122 percent of GDP in 2034 Economic growth slows to 2 0 percent in 2024 and 1 8 percent in 2026 and later years