Presentation by: Lara Robillard, an analyst in CBO’s Budget Analysis Division, to the Leadership Fellowship Program at the National Hispanic Medical Association. Summary: CBO was established to give the Congress a stronger role in budget matters. The agency provides analysis of budgetary and economic issues that is objective and impartial.…
As ordered reported by the House Committee on Veterans Affairs on July 26, 2023. Summary: H.R. 4278 would make several changes to disciplinary policies for employees of the Department of Veterans Affairs (VA). The bill would: • Allow VA to more quickly remove, demote, or suspend employees; • Truncate the…
Aa Presented by Richard DeKaser, Congressional Budget Office Director of Macroeconomic Analysis, to Economic and Financial Counselors from the European Union on September 14, 2023. Summary: Forecast for 2023 to 2025: Growth will be sustained but with a soft patch in the near term. Unemployment will rise slightly. Inflation will…
A Report issued by the Congressional Budget Office (CBO): “In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.” Summary: “The Congressional Budget Office periodically updates its economic forecast to ensure…
New from the Congressional Budget Office (CBO). August 28, 2023 – Cost Estimate. Summary. S. 2256 would require the Department of Homeland Security (DHS) to establish a cybersecurity apprenticeship program to recruit and hire people to perform information technology and cybersecurity roles for the department. DHS also would provide apprentices…
New from the Congressional Budget Office (CBO). Cost Estimate, August 23. 2023 As ordered reported by the Senate Committee on the Judiciary, July 30, 2023 Summary: S. 359 would require the Supreme Court and other federal courts to implement several ethics and transparency practices, and would direct federal agencies to…
H.R. 3874, Veterans Education Assistance Improvement Act As ordered reported by the House Committee on Veterans Affairs on July 26 2023. H.R. 3874 would make changes to education benefit programs administered by the Department of Veterans Affairs (VA). The costs of those programs are paid from mandatory appropriations. Enacting the…
As ordered reported by the House Committee on Natural Resources on June 13, 2023 Congressional Budget Office, Cost Estimate–August 10, 2023. Summary: H.R. 3389 would require the Departments of Agriculture and the Interior to evaluate the system that uses airplanes to drop containers of water and other fire retardants on…
The federal budget deficit was $1.6 trillion in the first 10 months of fiscal year 2023, the Congressional Budget Office estimates—more than twice the shortfall recorded during the same period last year. Revenues were 10 percent lower and outlays were 10 percent higher from October through July than they were…
Report: August 4, 2023. On July 12, 2023, the Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, the Director of the Congressional Budget Office, testified about Social Security’s finances. After the hearing, Chairman Sheldon Whitehouse, Ranking Member Chuck Grassley, and Senator Ron Wyden submitted questions…