In its June 2024 projections for fiscal year 2025, CBO underestimated revenues by 6 percent and outlays by 2 percent. The agency overestimated the federal budget deficit by 0.7 percent of GDP.
CBO reports annually on programs whose authorizations of appropriations have already expired or will expire. This data file covers legislation enacted through September 30, 2025. A full report will be issued later this year.
Depending on how DoD implements the order to use the name "Department of War," CBO estimates that costs could range from a few million dollars up to $125 million. A modest implementation of the name change would cost about $10 million.
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.
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