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Budget content
Executive Order 14210: Implementing the...
The President’s Department of Government Efficiency Workforce Optimization Initiative marks a significant shift in federal workforce management. With a hiring ratio of one new hire for every four departures, the…
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The Nation’s Fiscal Health: Strategy Needed As...
The federal government’s fiscal outlook is on an unsustainable path, with debt levels projected to outpace economic growth each year if current policies remain unchanged. By the end of fiscal…
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The Budget and Economic Outlook: 2025 to 2035
The latest Budget and Economic Outlook for 2025 to 2035 paints a challenging fiscal landscape. With the budget deficit projected to reach $1.9 trillion in 2025 and debt held by…
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Planning, Programming, Budgeting, and Execution...
The Department of Defense is undergoing a critical transformation to modernize its Planning, Programming, Budgeting, and Execution (PPBE) process, a system that has guided defense resource allocation for over 60…
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An Analysis of the President’s 2025 Budget
The President’s 2025 Budget includes significant changes to revenue and spending policies aimed at addressing key national priorities. Proposals like raising the corporate tax rate and expanding child care access…
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Long-Term Implications of the 2025 Future Years...
The 2025 Future Years Defense Program outlines a $850 billion budget for the Department of Defense, with plans to grow to $866 billion by 2029. Key areas of investment include…
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Effects of Automatic Stabilizers on the Federal...
Automatic stabilizers, like unemployment insurance and tax adjustments, naturally respond to economic shifts, helping stabilize spending and income. During downturns, they reduce deficits by supporting households, while in expansions, they…
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Making Ends Meet in 2024
Financial well-being has declined across the board, with more households struggling to pay bills and fewer able to handle income interruptions. A striking 42% of households could cover expenses for…
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CBO’s 2024 Long-Term Projections for Social...
The Congressional Budget Office’s latest report dives deep into Social Security’s future, using both budget and demographic projections as of mid-2024. Projections cover long-term impacts of current legislation on Social…
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Estimates of the Cost of Federal Credit Programs...
The federal government supports some private activities by offering credit assistance to individuals and businesses. That assistance is provided through direct loans and guarantees of loans made by private financial…
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Unlocking Federal AI Opportunities in FY 2025:...
As Artificial Intelligence (AI) becomes an engine driving innovation across industries, its role in the Federal government is accelerating at an unprecedented pace. With FY 2025 federal funding poised to…
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An Update to the Budget and Economic Outlook: 2024...
The Congressional Budget Office (CBO) regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the…
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Financial Stability Report
Learn more about the Federal Reserve Board’s current assessment of the stability of the U.S. financial system. By publishing this report, the Board intends to promote public understanding by increasing…
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FY2024 National Security Supplemental Funding:...
On October 20, 2023, the Biden Administration submitted to Congress a request for FY2024 emergency supplemental appropriations to address “key national security priorities.” President Biden characterized the request as a…
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Defense Primer: Defense and Intelligence Unfunded...
By law, certain U.S. Department of Defense officials and other executive branch agency officials are required to submit reports to Congress describing defense and intelligence-related priorities that were not included…
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