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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A Congressional Budget Office (CBO) report estimates that the U.S. Navy’s fiscal year 2022 shipbuilding plan to increase its fleet size to between 398 and 512 crewed ships and unmanned vessels would
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A new Congressional Budget Office (CBO) report states that the size of the U.S. Navy’s submarine fleet is likely to exceed shipyards’ capacity to maintain the vessels in 25 to 30 years.
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The U.S. Air Force (USAF) will move to decommission 17 of its 62 B-1B Lancer bombers to pave the way for fleet modernization efforts and help maintainers focus more on each of
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A new Congressional Budget Office (CBO) report says countries with large militaries, nonstate groups and other adversaries could use land-attack cruise missiles (LACM) to launch attacks against the U.S. and lowest-cost architectures
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A new Congressional Budget Office (CBO) report says the rate at which new companies formed or entered the market dropped from 10 percent in 1982 to 8 percent in 2018. CBO said
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The federal budget deficit for the 2020 fiscal year ended on Sept. 30th reached $3.1 trillion, more than three times higher than the prior-year period’s shortfall, according to a new Congressional Budget
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A new Congressional Budget Office (CBO) report says that the cost of the U.S. Navy’s future fleet of 10 FFG(X) frigates could total $12.3 billion or $1.2 billion per ship in 2020.
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