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Report
November 7, 2016
In fiscal year 2016, which ended on September 30, the federal budget deficit totaled $587 billion—$148 billion more than the shortfall recorded in 2015. Measured as a share of the nation’s gross domestic product, the deficit increased to 3.2 percent in 2016, up from 2.5 percent in 2015.
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Report
October 28, 2016
The House Budget Committee convened a hearing at which CBO testified about its estimates of the budgetary effects of CMMI’s activities. This document provides CBO’s answers to questions submitted for the record.
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Report
October 25, 2016
This table shows CBO’s estimate of the budget authority provided in supplemental appropriations acts for fiscal year 2000 to the present. The table will be updated as new supplemental appropriations are enacted.
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Report
October 20, 2016
In this report, CBO analyzes a policy that would allow Fannie Mae and Freddie Mac to increase their capital by reducing their payments to the government and discusses the effects that it would have on the budget and the mortgage market.
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Report
October 7, 2016
The federal government ran a budget deficit of $588 billion in fiscal year 2016, CBO estimates—$149 billion greater than the shortfall recorded in fiscal year 2015.
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Report
September 29, 2016
The United States has 14 preferential trade agreements with 20 of its trading partners. In CBO’s view, the consensus among economic studies is that, all told, such agreements have had small positive effects on the U.S. economy.
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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
September 14, 2016
On September 14, 2016, Director Keith Hall testified on CBO’s work since May 2015 and its plans for the future before the Senate Budget Committee.
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Report
September 9, 2016
Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
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Report
September 8, 2016
The federal budget deficit was $622 billion for the first 11 months of fiscal year 2016, CBO estimates—$92 billion more than the shortfall recorded during the same period last year.
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Report
September 7, 2016
On September 7, 2016, CBO Deputy Director Mark Hadley testified on CBO’s estimates of the budgetary effects of the Center for Medicare & Medicaid Innovation before the Committee on the Budget, U.S. House of Representatives.
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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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Report
August 18, 2016
From 1989 to 2013, family wealth grew at significantly different rates for different segments of the U.S. population, and the distribution among the nation’s families was more unequal in 2013 than it had been in 1989.
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Report
August 12, 2016
In a report required by law, CBO provides estimates of the caps on discretionary funding for each fiscal year through 2021. CBO concludes that the discretionary appropriations provided to date for 2016 do not exceed the caps for this year.
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Report
August 5, 2016
The federal budget deficit was $514 billion for the first 10 months of fiscal year 2016, CBO estimates—$49 billion more than the shortfall recorded during the same period last year.
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Report
August 4, 2016
In this report, CBO and the staff of the Joint Committee on Taxation examine the distribution of capital assets and net capital gains and losses in 2010 by type of asset and by the income and age of the asset holder.
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Report
August 2, 2016
The pensions of some 10 million people are insured by the Pension Benefit Guaranty Corporation’s multiemployer program. CBO projects future claims on the program and losses to its beneficiaries and analyzes potential policy changes.
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Report
July 29, 2016
The U.S. military’s capabilities and budget are determined primarily by its forces. This report describes each type of major combat unit’s structure, function, strengths and limitations, past usage, size, and cost.
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Report
July 19, 2016
This glossary defines various budgetary and economic terms that are commonly used in reports produced by CBO.
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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
July 8, 2016
The federal budget deficit was $397 billion for the first nine months of fiscal year 2016, the Congressional Budget Office estimates—$81 billion more than the shortfall recorded during the same period last year.
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Report
June 16, 2016
Federal investment in physical capital, education, and research and development boosts private-sector productivity gradually. The overall macroeconomic and budgetary effects of federal investment depend on how that spending is financed.
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Report
June 16, 2016
CBO describes the procedures it uses to develop a market-based estimate of the cost of new U.S. commitments to the International Monetary Fund that reflects the small risk that the IMF could incur large losses.
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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.
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Report
June 8, 2016
In 2013, households in the top, middle, and bottom income quintiles received 53, 14, and 5 percent, respectively, of the nation’s before-tax income and paid 69, 9, and 1 percent, respectively, of federal taxes.
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Report
June 7, 2016
The federal budget deficit was $408 billion for the first eight months of fiscal year 2016, CBO estimates—$41 billion more than the shortfall recorded during the same period last year.
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Report
June 6, 2016
The President’s budget proposals would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. The economic effects would affect the budget in ways that would reduce deficits.
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Report
June 2, 2016
How much will hurricane damage increase in coming years because of climate change and coastal development? This report examines the implications for the federal budget and three approaches for decreasing the pressure for federal spending.
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Report
June 2, 2016
Scanning and imaging all U.S.-bound shipping containers at overseas ports would cost $12 billion to $32 billion over 10 years, CBO estimates. Boosting the number of containers imaged at U.S. ports instead would cost considerably less.
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Report
May 10, 2016
CBO reviews hundreds of bills and public laws for intergovernmental and private-sector mandates each year and estimates whether the annual costs of those mandates would exceed thresholds established in the Unfunded Mandates Reform Act.