An increase in immigration over the 2021–2026 period boosts federal revenues as well as mandatory spending and interest on the debt in CBO’s baseline projections, lowering deficits, on net, by $0.9 trillion over the 2024–2034 period.
Congressional Budget Office
Government Administration
Washington, DC 4,930 followers
Nonpartisan analysis for the U.S. Congress
About us
Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process. The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. All CBO employees are appointed solely on the basis of professional competence, without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. All of CBO’s products – apart from informal cost estimates for legislation being developed privately by Members of Congress or their staffs – are available to the Congress and the public on CBO’s website. For more information on career opportunities at CBO, please visit www.cbo.gov/careers. CBO is an equal opportunity employer committed to diversity. CBO encourages women, minorities, people with disabilities, and veterans to apply.
- Website
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http://www.cbo.gov
External link for Congressional Budget Office
- Industry
- Government Administration
- Company size
- 201-500 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 1974
- Specialties
- Nonpartisan analysis for the U.S. Congress
Locations
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Primary
Ford House Office Building
Washington, DC, US
Employees at Congressional Budget Office
Updates
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What has CBO been working on?
CBO’s Recent Publications and Work in Progress as of June 30, 2024
cbo.gov
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CBO examines how the share of properties at risk of flooding that are covered by policies purchased through the National Flood Insurance Program varies across communities with different economic and demographic characteristics.
Flood Insurance in Communities at Risk of Flooding
cbo.gov
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The federal budget deficit was $1.3 trillion in the first nine months of fiscal year 2024, CB0 estimates—$118 billion less than the deficit recorded during the same period last fiscal year.
Monthly Budget Review: June 2024
cbo.gov
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CBO’s Director, Phillip Swagel, testifies about the agency's most recent analysis of the outlook for the budget and the economy before the Senate Budget Committee.
Testimony on An Update to the Budget and Economic Outlook: 2024 to 2034
cbo.gov
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CBO describes the discretionary spending proposals in the President’s 2025 budget and compares them with CBO’s most recent baseline budget projections, which span the years from 2024 to 2034. cbo.gov/publication/60041
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CBO published updated baseline projections of health insurance coverage and federal subsidies for it over the 2024-2034 period. The projections are described in an article published in the journal "Health Affairs" and in a presentation on CBO’s website.
CBO Publishes New Projections Related to Health Insurance for 2024 to 2034
cbo.gov
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CBO’s Director, Phillip Swagel, discusses the current budget and economic outlook.
Director’s Statement on the Updated Budget and Economic Outlook for 2024 to 2034
cbo.gov
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In CBO’s projections, the federal budget 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.
An Update to the Budget and Economic Outlook: 2024 to 2034
cbo.gov
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CBO is looking for new research on the effectiveness of efforts to increase the treatment of hepatitis C, the costs of treating hepatitis C with direct-acting antiviral medications, and the costs of treating complications if the disease is untreated.
A Call for New Research in the Area of Hepatitis C
cbo.gov