Home / Tag Archives: congressional budget office

Tag Archives: congressional budget office

Pentagon’s Base-Budget Costs Projected to Climb Through 2033

The Congressional Budget Office projects that the Pentagon’s 2019 Future Years Defense Program is leading to a significant increase in the agency’s base-budget costs into the early 2030's. In a report released Wednesday, CBO said the figure could increase from the agency’s request of $617B for 2019 to $735B in 2033. In April, the Department of Defense released the 2019 FYDP detailing the expectations about the planned costs from 2019 to 2023. 

Read More »

CBO Looks at Effects of Partial Gov’t Shutdown; Forcepoint’s Eric Trexler Comments

The Congressional Budget Office has released a report that assesses the effects of the five-week partial government shutdown on the federal budget and economy. CBO estimates that the partial shutdown resulted in the delay of federal discretionary spending worth approximately $18B for the procurement of goods and services, compensation and other government services, according to the report.

Read More »

CBO: Nuclear Weapon Programs Would Cost $494B Through 2028

A new Congressional Budget Office report says the implementation of plans to modernize and maintain U.S. nuclear forces as stated in the Nuclear Posture Review and the fiscal 2019 budget requests of the departments of Defense and Energy would cost $494B from 2019 through 2028. CBO said the figure reflects a 23 percent increase from its 2017 estimate - $400B - over the 10-year period.
 

Read More »

CBO: Nuclear Energy Technology Bill Would Cost $4B Over 5 Years

The Congressional Budget Office estimates the government would spend $4B between 2019 and 2023 to implement a bill supporting the Department of Energy’s nuclear energy programs. The bill, known as S. 1457, tasks the Secretary of Energy with developing partnerships for commercial nuclear technology projects, CBO said Dec. 20.

Read More »

Watchdog: Air Force May Spend $300M Per Jet for Next-Gen Fighter Fleet

A new report by the Congressional Budget Office predicts the U.S. Air Force might spend nearly $300M per aircraft for a new fleet of next-generation air superiority jets, Defense News reported Saturday. The service plans to buy the new Penetrating Counter Air jets to replace its existing F-15C/Ds and F-22s. The CBO said each PCA would cost more than three times that of an average F-35A jet that currently costs nearly $94M. The report states the Air Force needs 414 PCAs to update its aircraft inventory.

Read More »

CBO: Federal Rotational Cyber Workforce Bill Would Cost $2.5M Over 5 Years

The Congressional Budget Office has estimated the implementation of a Senate bill that would allow cybersecurity personnel in one federal civilian agency to work at another agency on a rotational and temporary basis would cost less than $500K annually from fiscal 2019 through fiscal 2023.

Read More »

CBO Report: Navy Shipbuilding Plan to Cost Roughly $30B Annually for 30 Years

The Congressional Budget Office estimates that the U.S. Navy's 2019 shipbuilding proposal would, on average, cost $28.9B in 2018 dollars per year throughout the plan’s three-decade duration. The Navy’s battle force build-up plan involves the construction of 301 combat and support vessels from fiscal year 2019 to 2048, and would cost $801B in 2018 dollars in total.

Read More »

CBO: Attack Submarine Maintenance Work Less Expensive at Private Shipyards

A new Congressional Budget Office analysis has found that performing a common type of maintenance work on the U.S. Navy’s Los Angeles-class attack submarines (SSN-688) at the service’s public shipyards is more expensive than at private shipyards, USNI News reported Thursday. The finding stems from CBO’s examination of Docking Selected Restricted Availability overhaul work for attack submarines and three cost comparisons made between private and public shipyards for different time periods.

Read More »