Home / Tag Archives: CBO

Tag Archives: CBO

CBO: House Panel’s FY 2019 Defense Bill Would Affect Direct Spending Over 10 Years

A Congressional Budget Office report says that enactment of the House Armed Services Committee’s fiscal 2019 defense appropriations bill would affect the Defense Department‘s direct spending by less than $500,000 over the next decade. CBO said Monday multiple provisions under the National Defense Authorization Act for Fiscal Year 2019, or H.R. 5515, would also have “insignificant” …

Read More »

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 …

Read More »

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 …

Read More »

CBO: Federal Budget Shortfall Rose to $668B in FY 2017

A new Congressional Budget Office report says the federal budget deficit in fiscal year 2017 ended Sept. 30 reached $668 billion, approximately $82 billion higher than the shortfall recorded in the previous fiscal year. CBO said Friday the FY 2017 budget shortfall was equivalent to 3.5 percent of the U.S. gross domestic …

Read More »

CBO: US Ports Cybersecurity Bill Would Cost $38M Through 2022

A Congressional Budget Office report says a proposed bill that would address the cybersecurity of U.S. ports would cost $38 million to implement over the 2018 to 2022 period. The Strengthening Cybersecurity Information Sharing and Coordination in Our Ports Act of 2017 would also authorize the U.S. Coast Guard to undertake cybersecurity-related activities, CBO …

Read More »