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 a few assistants began the process of standing up a new nonpartisan agency dedicated to supporting the Congressional budget process.
Report: February 13, 2025.
Congressional Budget (CBO) cost estimates, which represent the agency’s best assessment of a bill’s budgetary effects, can be subject to uncertainty arising from various sources. CBO describes how it addresses six common sources of uncertainty.
SUMMARY:
February 3, 2025.
Congressional Budget office (CBO) requests appropriations of $75.8 million for fiscal year 2026. The requested amount is an increase of $5.8 million, or 8.2 percent, above the annualized funding (at the 2024 level) under the continuing resolution currently in effect.
Request Summary:
In a January 13, 2025 Report, The Demographic Outlook: 2025-2055, Congressional Budget Office projects, the U.S. population will increase from 350 million people in 2025 to 372 million in 2055, and the average age will also rise. Beginning in 2033, annual deaths will exceed annual births, and net immigration accounts for the growth.
REPORT SUMMARY:
“The size of the U.S. population and its composition by age and sex have significant implications for the economy and the federal budget. For example, the number of people ages 25 to 54 affects the number of people who are employed, and the number of people age 65 or older affects the number of Social Security and Medicare beneficiaries.
Learn more about CBO’s work and its processes in the below publication that is typically updated at the start of each Congress.
Publication Summary:
Lawmakers created the Congressional Budget Office to help the Congress play a stronger role in budget matters. CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process and to help the Congress make effective budget and economic policy. The agency offers an alternative to the information provided by the Office of Management and Budget and other agencies in the executive branch.
From Congressional Budget Office (CBO):
CBO’s Budget Director, Philip Swagel, testified before the House Committee on the Budget, September 11, 2024.
Summary of Testimony:
From the Congressional Budget Office (CBO)*.
As reported by the Senate Committee on Health, Education, Labor, and Pension Committee on June 18, 2024.
Summary:
From the Congressional Budget Office (CBO)
A presentation by Lara Robillard, an analyst in CBO’s Budget Analysis Division, at AcademyHealth’s Health Policy Orientation.
SUMMARY:
“On March 11, 2024, the Administration submitted its annual set of budgetary proposals to the Congress. In this report, the Congressional Budget Office* examines how those proposals, if enacted, would affect budgetary outcomes in relation to CBO’s most recent baseline budget projections. Those projections extend from 2024 to 2034 and reflect the assumption that current laws governing federal spending and revenues will generally remain in place.”
Summary:
“On March 11, 2024, the Administration submitted its annual set of budgetary proposals to the Congress. In this report, the Congressional Budget Office examines how those proposals, if enacted, would affect budgetary outcomes in relation to CBO’s most recent baseline budget projections. Those projections extend from 2024 to 2034 and reflect the assumption that current laws governing federal spending and revenues will generally remain in place. CBO’s baseline budget projections and its analysis of the President’s proposals are based on the agency’s economic forecast published in June, which reflects developments through early May. (In this analysis, any feedback from the macroeconomic effects of the President’s proposed policies is excluded.)
A report from the Congressional Budget Office (CBO)*, October 4, 2024.
This CBO Report discusses prescription drug prices and approaches aimed at reducing those prices. Some of the approaches would cap prices or limit their growth, and other approaches would promote price competition or affect the flow of information.
Summary:
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