The federal budget deficit was $1.8 trillion in fiscal year 2025, the Congressional Budget Office estimates, $8 billion less than the shortfall recorded during fiscal year 2024. Revenues …

CBO regularly publishes data to accompany some of its key reports. These data have been published in the Budget and Economic Outlook and Updates and in their associated …

Jan 17, 2025 · CBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, …

Jan 17, 2025 · CBO's Budget and Economic Outlook, typically produced in January each year and updated in August, includes an economic forecast and projections of spending and revenues …

May 22, 2025 · The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House …

Jan 7, 2025 · 10. CBO is always looking for ways to do things better. As the Congress continues to consider large and complex legislation—often on accelerated timelines—CBO seeks ways …

Where can I find CBO's latest budget and economic projections? CBO issues 10-year budget projections (usually three times a year), 10-year economic forecasts (usually twice a year), …

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 …

Oct 17, 2025 · CBO assesses the possible effects of a government shutdown on the pay of federal employees and describes possible effects on the economy, business activity, …

May 25, 2022 · In CBO’s projections, assuming that current laws generally remain unchanged, the federal deficit totals $1.0 trillion in fiscal year 2022 and averages $1.6 trillion per year from …