Close

Articles Posted in Legislative Information

Updated:

Congress, the Constitution, and Command: Lawmaking and War Powers in a Divided Government

The legislative branch of the United States government (embodied in Congress, which consists of the House of Representatives and the Senate) is the cornerstone of the federal lawmaking process and a central pillar of the constitutional system of checks and balances. Through its exclusive powers to enact laws, oversee the…

Updated:

How H.R. 1, the One Big Beautiful Bill Act, Would Affect the Distribution of Resources Available to Households

From the Congressional Budget Office (CBO), June 12, 2025:* OVERVIEW: “This interactive tool illustrates the distributional effects of H.R. 1, the One Big Beautiful Bill Act. It allows users to explore how H.R. 1, as passed by the House of Representatives on May 22, 2025, would affect the economic resources…

Updated:

Debt Service Effects Derived from H.R. 1, the One Big Beautiful Bill Act

Congressional Budget Office (CBO) Report, June 5, 2025. CBO estimates that debt-service costs under H.R. 1, the One Big Beautiful Bill Act, would total $551 billion over the 2025–2034 period—increasing the bill’s cumulative effect on the deficit to $3.0 trillion. Summary: “CBO responds to a request from Senator Merkley for…

Updated:

H.R. 1295, Reorganizing Government Act of 2025

As ordered by the House Committee on Oversight and Government Reform on March 25, 2025. From the Congressional Budget Office (CBO) : H.R. 1295 would reauthorize and expand through December 2026 the authority for the President to develop a government reorganization plan and submit that plan to the Congress under an…

Updated:

Transparency at CBO: Plans for 2025 and a Review of 2024

Congressional Budget Office’s  transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes SUMMARY: Transparency is a top priority for the Congressional Budget Office, and the agency…

Updated:

CBO: Business Tax Credits for Wind and Solar Power

Report-April 11, 2025. The Congressional Budget Office* “(CBO) provides an overview of federal tax credits that support investment in wind and solar electric power. The agency also explains how it assesses the credits’ budgetary and economic effects and how its baseline reflects JCT’s revenue estimates.” SUMMARY: The federal government provides…

Updated:

CBO: Projections of Deficits and Debt Under an Alternative Scenario for the Budget

April 10, 2025, Report The Congressional Budget Office (CBO) analyzed the effects of an alternative budget scenario in which certain provisions of the 2017 tax act were extended permanently and revenues were reduced by additional amounts. SUMMARY: This letter responds to a request for an analysis of projected deficits and…

Updated:

CBO: Projections of Deficits and Debt Under Alternative Scenarios for the Budget and Interest Rates

The Congressional Budget Office (CBO)* analyzed the effects of alternative budget scenarios in which provisions of the 2017 tax act were extended and the average interest rate on federal debt increased. Summary: This letter responds to a request for an analysis of projected deficits and debt under alternative scenarios for…

Updated:

CBO Workbook on How Changes in Economic Conditions Might Affect the Federal Budget: 2025-2035

The Congressional Budget Office (CBO)* has created a workbook to allow users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO’s January 2025 projections. SUMMARY: This workbook allows users to define and analyze alternative economic scenarios…

Updated:

Celebrating 50 Years of Congressional Budget Office

From: Congressional Budget Office (CBO). Posted by Phil Swagel, CBO Director on February 24, 2025. Fifty years ago today, Alice Rivlin was appointed to lead the Congressional Budget Office as the agency’s first director. Gathering in a single room in the Dirksen Senate Office Building (CBO’s original home), Rivlin and…

Contact Us