Financial Reports - Page 6

The Congressional Budget Office examined the Department of Defense’s plans between 2024 and 2028 as outlined in the 2024 Future Years Defense Program and projected that defense costs under such plans would

The Department of the Treasury and the Office of Management and Budget reported that the deficit rose by $320 billion, or 23 percent, to $1.7 trillion in fiscal year 2023 and that

Mike McCord, undersecretary of defense comptroller and chief financial officer, said Congress and President Joe Biden have raised the Department of Defense’s funding by $100 billion in the last two years, but

The Congressional Budget Office projects the total federal deficits to drop from 5.8 percent of gross domestic product in 2023 to 5 percent by 2027 and then increase steadily over the next

The Government Accountability Office has called on Congress to develop a long-term fiscal plan that incorporates fiscal targets and rules and consider alternative approaches that better connect decisions about the debt ceiling

President Joe Biden has asked Congress to consider amendments to proposed fiscal year 2024 budgets for the departments of Defense, Homeland Security, Agriculture, Education, Transportation, Housing and Urban Development, Environmental Protection Agency

A Congressional Budget Office infographic shows that the federal budget deficit in fiscal year 2022 reached $1.4 trillion, which is equivalent to 5.5 percent of gross domestic product. CBO said in another

The Congressional Budget Office has issued a report stating that it is requesting $70.8 million in fiscal year 2024 appropriations, reflecting a 12 percent increase from $63.2 million that CBO secured in

The Congressional Budget Office has predicted $1.4 trillion in federal budget deficit in 2023 and expects federal debt held by the public to increase from the current 98 percent of gross domestic product

The Government Accountability Office analyzed the National Science Foundation’s data on federal agencies’ annual research and development spending and found that federal R&D obligations increased by about 30 percent from $138.5 billion