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Income Security - Congressional Budget Office Income Security Stay Connected Get CBO’s Email Updates Submit About Topics Cost Estimates Data Interactives FAQs Blog Work at CBO Business Opportunities Contact CBO Press Center Privacy, Security, and Copyright Policies Sitemap
Reduce Spending on Other Mandatory Programs - Congressional Budget Office CBO estimates that cutting income security programs by 15 percent would reduce mandatory spending by $327 billion between 2023 and 2032 The estimated savings associated with other percentage reductions would be proportional to the size of the reduction
The Federal Budget in Fiscal Year 2024: An Infographic $2 4 Trillion $4 9 Trillion Revenues Total $1 7 Trillion $530 Billion $253 Billion Social Security $1 5 Trillion Medicare $865 Billion Medicaid $618 Billion Income Security Programs $370 Billion Other $752 Billion Defense $850 Billion Nondefense $960 Billion $6 8 Trillion Outlays Total 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 -5 0 5 10
of GDP Categories of the Budget - Congressional Budget Office Medicare Medicaid Income Security Programs Student Loan Programs Nondefense outlayspay for many programs related to transportation, certain veterans’ benefits, education, housing assistance, and other activities
Social Security - Congressional Budget Office Social Security is the largest federal program, paying benefits to retired workers and their dependents and survivors through the Old-Age and Survivors Insurance program and to disabled workers and their dependents through the Disability Insurance program Those benefits are financed primarily by payroll taxes CBO projects Social Security’s finances under current law and analyzes a wide
Income Distribution - Congressional Budget Office CBO regularly analyzes the distribution of household income before and after government transfers and federal taxes The agency also studies federal programs designed to reduce poverty and increase income security
Monthly Budget Review: September 2024 - Congressional Budget Office The federal budget deficit was $1 8 trillion in fiscal year 2024, the Congressional Budget Office estimates The estimated deficit for 2024 was $139 billion more than the shortfall recorded during fiscal year 2023 Revenues increased by an estimated $479 billion (or 11 percent) Revenues in all major categories, but notably individual income taxes, were greater than they were in fiscal year
Congressional Budget Office September 9, 2024 Cost Estimate Estimate Reviewed By Elizabeth Cove Delisle Chief, Income Security Cost Estimates Unit Kathleen FitzGerald Chief, Public and Private Mandates Unit Christi Hawley Anthony Deputy Director of Budget Analysis