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Cost Estimate
October 13, 2016
As passed by the House of Representatives on September 26, 2016
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Report
September 21, 2016
Both CBO and the Social Security Trustees project a shortfall in Social Security finances but they differ in their assessment of its magnitude. This testimony describes that difference and the major factors that contribute to it.
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Report
August 23, 2016
The deficit under current law is projected to be larger this year, but smaller over the 2017–2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
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Blog Post
August 1, 2016
CBO published its 2016 Long-Term Budget Outlook in July, describing the agency’s projections of federal spending and revenues over the next 30 years. This blog post focuses on the spending of Social Security and major health care programs.
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Presentation
July 29, 2016
This slide deck provides a quick overview of CBO’s report, The 2016 Long-Term Budget Outlook.
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Graphic
July 15, 2016
This infographic provides an overview of CBO’s report, The 2016 Long-Term Budget Outlook. Gain quick insight into why CBO projects a substantial imbalance in the federal budget beyond the next 10 years.
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Report
July 12, 2016
If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
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Report
June 15, 2016
In 2015, Social Security Disability Insurance (DI) benefit payments totaled $143 billion. CBO examines approaches that could improve the financial sustainability of the DI program and delay exhaustion of the DI trust fund past 2022.
- Data and Technical Information March 29, 2016
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Proposals for Supplemental Security Income—CBO’s Estimate of the President’s Fiscal Year 2017 Budget
- Data and Technical Information March 29, 2016
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Report
March 24, 2016
CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015. If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.
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Cost Estimate
February 17, 2016
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 29, 2015
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Blog Post
February 10, 2016
After questions were raised by outside analysts, we identified some errors in one part of our report, CBO’s 2015 Long-Term Projections for Social Security: Additional Information, which was released on December 16, 2015.
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Report
February 4, 2016
CBO Director Keith Hall testifies about the Budget and Economic Outlook: 2016 to 2026 before the Committee on the Budget, U.S. House of Representatives.
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Report
February 4, 2016
This presentation of the budget outlook for the coming decade highlights the key findings from CBO’s report The Budget and Economic Outlook: 2016 to 2026, which was released in January.
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Report
January 25, 2016
CBO estimates that the federal budget deficit in 2016 will be $544 billion, raising debt held by the public to 76 percent of GDP. Solid short-term growth in the economy is projected to be followed by slower growth in subsequent years.
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Report
December 28, 2015
CBO is required to report its assessment of whether enacted appropriations for the current fiscal year exceed caps on discretionary spending. In CBO’s estimation, they do not, and hence a sequestration will not be required for 2016.
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Report
December 16, 2015
Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted in 2029. In that case, benefits in 2030 would need to be reduced by 29 percent from the scheduled amounts.
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Report
December 15, 2015
CBO analyzes 36 policy options commonly proposed by policymakers and analysts. Most of them would improve Social Security’s long-term finances, but only a few would significantly postpone the combined trust funds’ exhaustion date.
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Cost Estimate
October 28, 2015
As reported by the House Committee on Rules on October 27, 2015. (See House Report 114-315.)
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Cost Estimate
October 27, 2015
As posted on the website of the House Committee on Rules on October 27, 2015 (Version f:\VHLC\102715\102715.013.xml)
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Blog Post
October 26, 2015
CBO concludes that existing evidence does not indicate that certain policies to treat obesity would significantly reduce federal spending. Additional well-designed studies on the effects of such policies would be useful for CBO’s analysis.
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Presentation
October 5, 2015
Presentation by Wendy Edelberg, CBO’s Assistant Director for Macroeconomic Analysis, at the Social Security Trustees Working Group
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Cost Estimate
September 25, 2015
H.R. 719, as passed by the House on September 24, 2015 with a further amendment (SA 2689, the Continuing Appropriations Act, 2016)
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Presentation
August 17, 2015
Michael Simpson, Principal Analyst in CBO’s Health, Retirement, and Long-Term Analysis Division, will present CBO’s findings to the Fifth World Congress of the International Microsimulation Association on September 2, 2015.
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Report
July 28, 2015
The Senate Budget Committee convened a hearing in June at which Director Keith Hall testified about the long-term budget outlook. Committee members submitted further questions for the record, and this document provides CBO’s answers.
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Blog Post
July 14, 2015
Director Keith Hall spoke to the Center for Strategic Tax Reform, highlighting the key points of CBO’s latest long-term budget projections.
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Report
July 9, 2015
CBO Director Keith Hall testifies on the long-term budget outlook before the Committee on Homeland Security and Governmental Affairs, United States Senate.
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Report
June 17, 2015
CBO Director Keith Hall testifies about CBO’s 2015 Long-Term Budget Outlook before the Committee on the Budget, United States Senate.