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Tag Archives: CBO

President Trump Approves 2-Week Govt Funding Extension

President Donald Trump on Friday signed another continuing resolution that would fund the federal government at current spending levels through Dec. 22, Bloomberg reported Friday. Trump signed the CR a day after Congress passed the stopgap funding measure to avoid a government shutdown and after the president reached a “tentative …

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CBO: US Nuclear Weapon Programs to Cost $1.2T Through 2046

A new Congressional Budget Office report says the U.S. government will need to spend approximately $1.2 trillion in 2017 dollars to operate, sustain and modernize the country’s nuclear weapons from fiscal years 2017 through 2046. CBO said Tuesday it estimates $772 billion in costs for the operations, sustainment and upgrades of missiles, submarines, long-range …

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CBO: VA Accountability & Whistleblower Protection Act Would Increase Costs by $3M Through 2022

The Congressional Budget Office has estimated that the implementation of the Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017 would increase costs by $3 million over the next five years. A CBO report published Friday stated that the legislation would impact direct spending over the 2017-2027 period but the effects would not …

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CBO: Small Biz Cybersecurity Bill Would Cost $6M Through 2022

A Congressional Budget Office report says a proposed House bill that would provide small businesses access to cybersecurity resources from the National Institutes of Standards and Technology would cost $6 million over five years. The NIST Small Business Cybersecurity Act of 2017 would require the agency to help companies address cyber threats through the voluntary use of tools, methodologies and guidelines, CBO said …

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Keith Hall: Lawmakers Should Increase Revenue, Reduce Benefit Program Spending to Help Boost Govt Efficiency

Keith Hall, director of the Congressional Budget Office, has said lawmakers need to raise revenues above current projected amounts, decrease spending for major benefit programs or combine such measures to optimize government efficiency. He told the Senate Budget Committee in a written testimony published Wednesday that efforts to address federal deficits should include broader …

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