The Congressional Budget Office adjusted its economic growth outlook for 2023 on account of inflation, higher interest rates and an uptick in unemployment that occurred in the second half of 2022. In
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A Congressional Budget Office report estimates that the U.S. Navy’s fiscal year 2023 shipbuilding plan to expand its fleet size to between 316 and 367 aircraft carriers, surface combatants, submarines and other
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A Congressional Budget Office report has found 111 authorizations of appropriations that are set to expire before the end of fiscal year 2022 and of those authorizations, 99 are for definite amounts
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The Congressional Budget Office estimates the government would see an increase of about $1.2 billion in direct spending between 2023 and 2032 as a result of the enactment of the fiscal year
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The Senate has approved a bipartisan bill that would direct federal agencies to identify potential conflicts of interest between taxpayer-backed projects and other business opportunities of contractors. Sen. Gary Peters, D-Mich., chairman
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President Joe Biden on Tuesday signed into law a bipartisan bill to establish a rotation program that will provide federal civilian employees an opportunity to work at different agencies to expand their
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The Congressional Budget Office projects $1 trillion in federal budget deficit in 2022 and expects federal debt held by the public to fall to 96 percent of gross domestic product by 2023
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Phillip Swagel, director of the Congressional Budget Office, said CBO projects the federal budget deficit to drop from $2.8 trillion in 2021 to $1 trillion in 2022 as the economy bounces back
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The Congressional Budget Office has launched an improved version of an interactive tool designed to help users analyze the U.S. military’s force structure and its impact on defense spending. budgeting work can
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The Congressional Budget Office (CBO) examined three options for national defense if funding for the Pentagon would be reduced by 14 percent, or approximately $1 trillion, from 2022 through 2031. Under the
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