This posting includes the Summary and a link to the full text of CBO’s Director, Phillip Swagel’s testimony before the House Appropriations Committee’s Subcommittee on the Legislative Branch. A supporting mission statement is included. SUMMARY: Chairman Amodei, Ranking Member Espaillat, and Members of the Subcommittee, thank you for the opportunity…
H.R.7156, as ordered reported by the House Committee on Financial Services on February 29, 2024. CBO Summary: H.R. 7156 would expand the authority of the Secret Service to investigate financial crimes. Specifically, the bill would authorize the Secret Service to investigate the operations of unlicensed money transmitting businesses—entities that provide…
The following is information compiled by the Congressional Budget Office (CBO) regarding H.R.7322, Standing Up to the Executive Branch for Act 2024, as ordered reported by the House Committee of the Judiciary on February 15. 2024. It includes a brief summary of the bill, and links to estimated cost of…
Today 1/19 we received the following posting from Deborah Kilroe of the Congressional Budget Office (CBO) announcing the release of its budget outlook on February 7. We are forwarding this announcement as a service to our readers: The Congressional Budget Office will release The Budget and Economic Outlook: 2024 to 2034 at…
In this document, the Congressional Budget Office (CBO) provides information concerning implementation of the caps on most discretionary funding for fiscal year 2024 as established by the Fiscal Responsibility Act of 2023. Summary of Document: In this document, a letter from Philip L. Swagel, Director of the Congressional Budget Office, The…
December 15, 2023 The Congressional Budget reports that its May 2022 projections for fiscal year 2023, CBO overestimated revenues by 11 percent and underestimated outlays by 9 percent. CBO’s projection of the federal deficit for 2023 was less than the actual amount by 3.9 percent of GDP. SUMMARY: After each…
In this report CBO responds to questions about the agency’s current view of economic growth and interest rates and the implications of that view for the federal budget—as well as about the implications of inflation for workers. SUMMARY: This letter responds to questions about the Congressional Budget Office’s current view…
Nine new documents as reported by the House Committee on Small Business on September 26, 2023 H.R. 5426, a bill to require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID-19 loans As reported by the…
New from the Congressional Budget Office (CBO) H.R. 1809, Block the Use of Transatlantic Technology in Iranian Made Drones Act: Cost Estimate (October 30, 2023) Summary of H.R. 1809: H.R. 1809 would require the Administration to develop strategies to prevent Iran from acquiring the means to build and operate unmanned…
Posted by Phil Swagel on September 29, 2023. Because of CBO’s role in supporting the Congress in its constitutional function, the agency has been instructed by the House and Senate Budget Committees that if appropriated funds lapse and normal operations of the federal government are suspended, all CBO staff will…