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Budget Digest
BUDGET DIGEST: CBO's 2020 Long-Term Budget Outlook
Today, the Congressional Budget Office (CBO) released The 2020 Long-Term Budget Outlook, commonly referred to as the extended baseline, which includes budget projections for the…
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BUDGET DIGEST: CBO Major Federal Trust Funds Outlook: 2020-2030
Each year the Congressional Budget Office (CBO) produces a report on the fiscal status of various federal government trust funds. A trust fund is an…
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BUDGET DIGEST: Update to the CBO Budget Outlook: 2020-2030
The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires that the Congressional Budget Office (CBO) provide the House and Senate Budget committees…
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BUDGET DIGEST: Update: Status of FY2021 Appropriations Bills
Last week the House passed H.R. 7608,[1] an appropriations minibus that included four of the 12 discretionary spending bills for fiscal year (FY) 2021. This…
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BUDGET DIGEST: Status of FY2021 Appropriations Bills
The Bipartisan Budget Act of 2019 (BBA 2019) established the topline, base discretionary spending level for the appropriations bills for fiscal year (FY) 2020 and…
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BUDGET DIGEST: Members' Day Hearing
What is Members’ Day? Section 301(e)(1) of the Congressional Budget and Impoundment Control Act of 1974 (Budget Act) calls for the House and Senate Budget…
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BUDGET DIGEST: The President's Fiscal Year 2021 Budget Request
What is the President’s Budget Request? Yesterday, the Trump Administration submitted its formal budget request for fiscal year (FY) 2021 to Congress. While Congress holds…
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BUDGET DIGEST: The United States-Mexico-Canada Agreement
Budget Digest: The United States-Mexico-Canada Agreement Last week, President Trump signed into law the United States-Mexico-Canada Agreement (USMCA) which modernizes the decades-old North American Free…
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BUDGET DIGEST: CBO Budget and Economic Outlook
The Congressional Budget and Impoundment Control Act of 1974 (Budget Act) requires, on an annual basis, the Congressional Budget Office (CBO) to provide the House…
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