Tag Archives: congressional budget office

The Congressional Budget Office (CBO) examined three options for national defense if funding for the Pentagon would be reduced by 14 percent, or approximately $1 trillion, from 2022 through 2031. Under the first option, the Department of Defense would maintain the “deterrence by denial” as its national security strategy and reduce the size of its U.S. forces by approximately 20 percent while keeping the “same balance of capabilities."

A Congressional Budget Office (CBO) report estimates that the U.S. Navy’s fiscal year 2022 shipbuilding plan to increase its fleet size to between 398 and 512 crewed ships and unmanned vessels would cost approximately $25 billion to $33 billion in 2021 dollars annually over three decades.

President Biden intends to nominate former government officials Ronald Moultrie and Mike McCord to the roles of undersecretary for intelligence and security at the Department of Defense (DOD) and DOD undersecretary (comptroller), respectively. Moultrie is president and CEO of Oceanus Security Strategies. McCord currently serves as director of civil-military programs at the Stennis Center for Public Service.

A new Congressional Budget Office (CBO) report states that the size of the U.S. Navy’s submarine fleet is likely to exceed shipyards’ capacity to maintain the vessels in 25 to 30 years. According to CBO’s report, the Navy’s modified fiscal year 2020 shipbuilding plan directs the procurement of 61 attack submarines within 30 years.

The U.S. Air Force (USAF) will move to decommission 17 of its 62 B-1B Lancer bombers to pave the way for fleet modernization efforts and help maintainers focus more on each of the remaining 45 aircraft. USAF said it will keep four of the B-1B planes that are set for retirement in Type 2000 storage to maintain aircraft systems in a reclaimable condition.

A new Congressional Budget Office (CBO) report says countries with large militaries, nonstate groups and other adversaries could use land-attack cruise missiles (LACM) to launch attacks against the U.S. and lowest-cost architectures composed of fighter jets, surface-to-air missiles and radars for homeland cruise missile defense would cost approximately $75 billion to $180 billion over two decades to purchase and operate.

A new Congressional Budget Office (CBO) report says the rate at which new companies formed or entered the market dropped from 10 percent in 1982 to 8 percent in 2018. CBO said in the report published Tuesday that new firms operating for less than five years accounted for 29 percent of all businesses in 2018. 

The federal budget deficit for the 2020 fiscal year ended on Sept. 30th reached $3.1 trillion, more than three times higher than the prior-year period’s shortfall, according to a new Congressional Budget Office (CBO) report. According to CBO, receipts from payroll taxes, the second largest source of revenues, saw a five percent increase. 

A new Congressional Budget Office (CBO) report says that the cost of the U.S. Navy’s future fleet of 10 FFG(X) frigates could total $12.3 billion or $1.2 billion per ship in 2020. That amount represents a 40 percent increase from the service branch’s estimate of $8.7 billion or $870 million per ship.

A new Congressional Budget Office (CBO) report says the Department of Defense (DoD) could incur $410 billion to $439 billion in onetime costs if the U.S. government decides to expand its strategic nuclear forces to the START I treaty levels in response to the expiration of the new Strategic Arms Reduction Treaty with Russia.