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The Budget for Fiscal Year 2003
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The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
The Budget for Fiscal Year 2000
This report discusses the final budget numbers for FY2000 that put the surplus for FY2000 at $236 billion , receipts at $2,025 billion and outlays at $1,789 billion. They differ very little from the numbers that the Treasury previously released on October 24, 2000.
The Budget for Fiscal Year 2001
On December 15, 2000, Congress reached an agreement with the President and passed the remaining appropriations (H.R. 4577; H.Rept. 106-1033) for fiscal year (FY) 2001. The legislation, including tax cuts ($31.5 billion over 10 years), completes budget action in the 106th Congress for FY2001. The action followed extended disagreements over appropriations, which resulted in a series of continuing resolutions on appropriations that funded those parts of the government not covered by regular appropriations or permanent funding during the fall. The fiscal year had begun with only 2 of the 13 regular appropriations enacted into law.
The Budget for Fiscal Year 2002
This report discusses the budget for fiscal year 2002. The congress debates issues such as budget action, receipts surpluses or deficits, and the economy
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
Baseline Budget Projections: A Discussion of Issues
Between January 2001 and January 2005, the Congressional Budget Office (CBO) reduced its 10-year baseline projection for the period 2002-2011 from a peak surplus of $5.6 trillion to a deficit of $2.6 trillion for three reasons. First, about one third of the reduction is due to technical revisions CBO made to its projections (e.g., to account for the smaller than predicted growth in tax revenues). Second, the recession both reduced revenues and raised outlays automatically. This factor accounts for less than one-tenth of the 10-year decline, and is only significant in 2002 and 2003. Finally, about 60% of the reduction was due to policy changes, the largest of which was tax cuts, and the second largest of which was increased military outlays. Even without a recession or technical revisions, policy changes alone would have pushed the budget into deficit from 2003 to 2005.
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
The Magnitude of Changes That Would Be Required to Balance the FY2006 Budget
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Budget FY1999: A Chronology with Internet Access
This is a select chronology of, and a finding guide for information on, congressional and presidential actions and documents related to major budget events in calendar year 1998, covering the FY1999 budget. Brief information is provided for the President’s budget, congressional budget resolutions, appropriations measures (regular, continuing, supplementals, and rescissions), budget reconciliation, House and Senate votes, line-item vetoes, publications, testimony, charts, and tables.
Budget FY1999: A Chronology with Internet Access
This is a select chronology of, and a finding guide for information on, congressional and presidential actions and documents related to major budget events in calendar year 1998, covering the FY1999 budget. Brief information is provided for the President’s budget, congressional budget resolutions, appropriations measures (regular, continuing, supplementals, and rescissions), budget reconciliation, House and Senate votes, line-item vetoes, publications, testimony, charts, and tables.
Congressional Action on FY2014 Appropriations Measures
This report provides background and analysis with regard to the FY2014 appropriations process. The first section discusses the status of discretionary budget enforcement for FY2014, including the statutory spending limits and allocations under the congressional budget resolution. The second section provides information on the consideration of regular appropriations measures and an overview of their funding levels.
Congressional Action on FY2014 Appropriations Measures
This report provides background and analysis with regard to the FY2014 appropriations process. The first section discusses the status of discretionary budget enforcement for FY2014, including the statutory spending limits and allocations under the congressional budget resolution. The second section provides information on the consideration and enactment of regular appropriations and an overview of aggregate discretionary spending.
Congressional Action on FY2015 Appropriations Measures
The congressional appropriations process, which provides discretionary spending for federal government agencies, assumes the annual enactment of 12 regular appropriations bills prior to the beginning of the fiscal year (October 1). One or more continuing resolutions (CRs) may be enacted if all regular appropriations bills are not completed by that time. This report provides information on the budget enforcement framework for the consideration of FY2015 appropriations measures, the status of the FY2015 regular appropriations bills as of the beginning of the fiscal year, and the enactment of FY2015 continuing appropriations.
Congressional Action on FY2015 Appropriations Measures
This report provides information on the budget enforcement framework for the consideration of FY2015 appropriations measures, the status of the FY2015 regular appropriations bills as of the beginning of the fiscal year, and the enactment of FY2015 continuing appropriations.
Congressional Action on FY2016 Appropriations Measures
This report provides information on the congressional consideration of the FY2016 regular appropriations bills. It also discusses the statutory and procedural budget enforcement framework for FY2016 appropriations.
The Budget for Fiscal Year 2005
The Congressional Budget Office’s (CBO) January 2004 budget report for FY2005 (the Budget and Economic Outlook: Fiscal Years 2005-2014) estimated the FY2005 baseline deficit at $362 billion. CBO’s report provided estimates of the costs of selected alternative policies (measured from the baseline), such as estimates of the cost of extending the tax cuts, reforming the AMT, and discretionary spending growing at various rates.
The Budget for Fiscal Year 2006
On February 7, 2005, the President presented his FY2006 budget, containing proposals and estimates for FY2006 through FY2010. The proposal has a deficit of $390 billion (3.0% of GDP) in FY2006, and steadily declining deficits through FY2010. The budget did not include estimates of the cost of the war on terror beyond FY2005. It did not include cost estimates of the Administration’s proposals for changes in Social Security. It did include specific proposals that, over five years, would reduce spending among the non-defense discretionary programs; slow the growth in defense spending; slow the growth in selected categories of mandatory spending; and make further tax cuts along with making permanent the 2001 and 2003 tax cuts.
The Budget for Fiscal Year 2006
The budget report of the Congressional Budget Office (CBO), The Budget and Economic Outlook: Fiscal Years 2006-2015 (January 25, 2005), included baseline estimates (assuming current policies) for FY2005 through FY2015. Under the baseline assumptions, CBO estimated a FY2006 deficit of $295 billion (2.3% of gross domestic product [GDP]). This is smaller than CBO’s FY2005 baseline deficit estimate ($368 billion, 3.0% of GDP). CBO’s baseline estimates do not include assumptions about possible future legislation that may increase or decrease spending or receipts and therefore change the deficit. The baseline assumptions assume the continuation of current law, including that laws changing the level of future revenues or outlays will go into effect as scheduled. Hurricane Katrina’s devastation of the central Gulf Coast and additional damage done by Hurricane Rita has changed the budget outlook for fiscal year (FY) 2006.
The Budget for Fiscal Year 2006
The budget report of the Congressional Budget Office (CBO), The Budget and Economic Outlook: Fiscal Years 2006-2015 (January 25, 2005), included baseline estimates (assuming current policies) for FY2005 through FY2015. Under the baseline assumptions, CBO estimated a FY2006 deficit of $295 billion (2.3% of gross domestic product [GDP]). This is smaller than CBO’s FY2005 baseline deficit estimate ($368 billion, 3.0% of GDP). CBO’s baseline estimates do not include assumptions about possible future legislation that may increase or decrease spending or receipts and therefore change the deficit. The baseline assumptions assume the continuation of current law, including that laws changing the level of future revenues or outlays will go into effect as scheduled.
The Budget for Fiscal Year 2007
The President’s fiscal year (FY) 2007 budget released in early February 2006 included proposals to make the 2001 and 2003 tax cuts permanent; slow the growth of Medicare spending; hold funding for non-defense, non-homeland security funding to little if any increase; and introduce, in FY2010, private accounts for Social Security. The Congressional Budget Office’s (CBO’s) January 2006 budget report provided baseline estimates and projections through FY2016. CBO also estimated the cost of alternative policies that some would say are more likely to occur than some of the policies assumed in the baseline.
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
The Budget for Fiscal Year 2004
The Congressional Budget Office (CBO) released the first of its annual budget reports in late January. The baseline estimates from CBO run through FY2013. CBO’s baseline estimates are similar in construction to those produced by the Office of Management and Budget (OMB) for the President. CBO’s January baseline has a $145 billion deficit in FY2004 (down from $199 billion in FY2003), that becomes a small surplus of $65 billion in FY2008. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions move the return to a surplus from FY2007 to FY2008 and reduce the cumulative FY2004- FY2013 surplus from $1,336 billion (January) to $891 billion (March). CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion.
The Budget for Fiscal Year 2004
In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
The Budget for Fiscal Year 2004
In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
The Budget for Fiscal Year 2004
In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
The Budget for Fiscal Year 2004
In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
The Budget for Fiscal Year 2004
In March, CBO released its report analyzing the President’s policies. CBO’s estimates of the President’s budget, a recasting of the policies using CBO assumptions and budget estimating methods, raise the expected deficit for FY2004 to $338 billion from the OMB estimated $307 billion. The report also included an update to CBO’s January baseline that pushed the deficit for FY2004 to $200 billion from $145 billion. The revisions delay the return-to-a-surplus from FY2007 to FY2008 and reduce the cumulative FY2004-FY2013 surplus from $1,336 billion (January) to $891 billion (March).
The Budget for Fiscal Year 2004
Congress cleared the conference report (H.Rept. 108-71, H.Con.Res. 95) on the FY2004 budget resolution on April 11, containing reconciliation instructions for a tax cut. On May 23, Congress adopted the conference report (H.Rept. 108-126) on H.R. 2, the bill containing an 11-year; $350 billion tax cut that followed the reconciliation instructions. It became law (P.L.108-27) on May 28.
The Budget for Fiscal Year 2005
The Congressional Budget Office’s (CBO) January 2004 budget report for FY2005 (the Budget and Economic Outlook: Fiscal Years 2005-2014) estimated the FY2005 baseline deficit at $362 billion, not much different from that proposed by the Administration. Selected alternative policies included in the CBO report, estimates for the cost of extending the tax cuts, reforming the AMT, and letting discretionary spending grow at the rate of gross domestic product (GDP) growth, would increase the deficit, particularly in the years beyond FY2009.
The Budget for Fiscal Year 1998
This report discusses the efforts to reach an agreement on the fiscal year (FY) 1998 budget were, in many respects, a continuation of the efforts to balance the federal budget by (or before) FY2002. The proposals and legislation for FY1998 were designed to move the budget further towards balance.
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
The Budget for Fiscal Year 2003
This report discusses the budget for fiscal year 2003. It debates issues such as budget action, receipts surpluses or deficits, and the economy.
The Federal Budget: Overview and Issues for FY2015 and Beyond
This report provides an overview of federal budget issues, focusing on recent fiscal policy changes. It discusses the major policy proposals contained in the President's FY2015 budget and the House and Senate budget resolutions and also addresses major short- and long-term fiscal challenges.
Defense: FY2011 Authorization and Appropriations
The President's FY2011 budget request, released February 1, 2010, included $733.3 billion in new budget authority for national defense. This report discusses and break downs these defense appropriations.
Defense: FY2011 Authorization and Appropriations
The President's FY2011 budget request, released February 1, 2010, included $733.3 billion in new budget authority for national defense. This report discusses and break downs these defense appropriations.
Defense: FY2006 Authorization and Appropriations
This report discusses key issues resolved by the conference agreements regarding FY2006 Defense appropriations.
The Magnitude of Changes That Would Be Required to Balance the FY2011 Budget
This report lays out generic scenarios for balancing the budget in the next fiscal year. Although these are not policy options that are likely to be enacted, they are meant to offer simple examples to gauge the scope of tradeoffs that would be required if policymakers eventually decide to bring the budget back to balance. If changes are postponed or stretched over a longer time period, they would need to be larger because of higher debt service.
The Federal Budget: Issues for FY2011, FY2012, and Beyond
The federal budget is central to Congress's ability to exercise its "power of the purse." Over the last several fiscal years the imbalance between spending and revenues has grown as a result of the economic downturn and policies enacted in response to financial turmoil. In FY2010, the last completed fiscal year, the U.S. government spent $3,456 billion (23.8% of GDP) and collected $2,162 billion in revenue (14.9% of GDP), resulting in a budget deficit of $1,294 billion (8.9% of GDP).
Defense: FY2011 Authorization and Appropriations
The President's FY2011 budget request, released February 1, 2010, included $733.3 billion in new budget authority for national defense. This report discusses and break downs these defense appropriations.
Defense: FY2010 Authorization and Appropriations
On February 26, 2009, the Administration released the broad outlines of its federal budget request for FY2010, listing for each Cabinet department and for several independent agencies the total discretionary budget authority President Obama would request, but providing no additional details. Full details of the request were made public May 7, 2009. This report summarizes the budget request in an abbreviated yet detailed format.
State, Foreign Operations, and Related Programs: FY2011 Budget and Appropriations
This report analyzes the FY2012 request, recent-year funding trends, and congressional action related to FY2011 State-Foreign Operations legislation.
Defense: FY2006 Authorization and Appropriations
This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Defense. It summarizes the status of the bill, its scope, major issues, funding levels, and related congressional activity, and is updated as events warrant. The report lists the key CRS staff relevant to the issues covered and related CRS products.
Defense: FY2006 Authorization and Appropriations
This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Defense. It summarizes the status of the bill, its scope, major issues, funding levels, and related congressional activity, and is updated as events warrant. The report lists the key CRS staff relevant to the issues covered and related CRS products.
Defense: FY2006 Authorization and Appropriations
This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Defense. It summarizes the status of the bill, its scope, major issues, funding levels, and related congressional activity, and is updated as events warrant. The report lists the key CRS staff relevant to the issues covered and related CRS products.
Defense: FY2006 Authorization and Appropriations
This report is a guide to one of the 13 regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House and Senate Appropriations Subcommittees on Defense. It summarizes the status of the bill, its scope, major issues, funding levels, and related congressional activity, and is updated as events warrant. The report lists the key CRS staff relevant to the issues covered and related CRS products.