Tag Archives: congressional budget office

Air Force to Retire 17 B-1B Planes; Gen. Tim Ray Quoted

B-1B Lancer Aircraft

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.

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CBO: Lowest-Cost Architectures for National Cruise Missile Defense Would Cost Up to $180B Over 20 Years

Missile Defense

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.

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CBO Examines Decline in Entrepreneurship Since Early 1980’s

Entrepreneurship

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. 

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CBO: Pandemic Pushes US Budget Deficit to $3T in Fiscal 2020

Federal Budget

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. 

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CBO: Navy’s Future FFG(X) Fleet Would Cost $12.3B in 2020

FFG X Fleet

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.

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CBO: Nuclear Forces Expansion in Response to New START Pact’s Expiration Could Cost DoD Up to $439B

Nuclear Forces Expansion

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.

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