CBO's transparency efforts are intended to promote a thorough understanding of its work, help people gauge how estimates might change if policies or circumstances differed, and enhance the credibility of its analyses and processes.
CBO Blog
CBO provides an overview of federal tax credits that support investment in wind and solar electric power. The agency also explains how it assesses the credits’ budgetary and economic effects and how its baseline reflects JCT’s revenue estimates.
CBO requests appropriations of $75.8 million for fiscal year 2026. The requested amount is an increase of $5.8 million, or 8.2 percent, above the funding provided this year.
CBO’s Director, Phillip Swagel, testifies before the House Appropriations Committee’s Subcommittee on the Legislative Branch.
The federal budget deficit totaled $1.3 trillion in the first half of fiscal year 2025, CBO estimates. That amount is $245 billion more than the deficit recorded during the same period last fiscal year.
In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.
As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding. In CBO’s estimation, they have not, and a sequestration will not be required for 2025.
Extending the 10-year budget projections it published on January 17, 2025, CBO projects that federal debt held by the public, boosted by sustained deficits, will grow far beyond any previously recorded level over the next 30 years.
CBO estimates that if the debt limit remains unchanged, the government’s ability to borrow using established "extraordinary measures" will probably be exhausted in August or September 2025.
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2024, as well as broader trends in the budget over the past few decades.
