Tag Archives: congressional budget office

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” …

The Congressional Budget Office has said the U.S. Navy’s plan to increase its combat fleet size to 355 ships under the first two alternatives would cost an average of $103 billion to $104 billion in 2017 dollars a year over the next three decades. CBO said Wednesday the Navy would meet its …

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 …

The Congressional Budget Office has said the Trump administration’s goals to increase the U.S. military size, readiness and capabilities would result in a base budget of approximately $688 billion in 2018 dollars by 2027. CBO said in its December 2017 report the number of individuals who will serve in the …

Lawmakers have incorporated a provision that would fund federal agencies’ efforts to update information technology systems as part of the final version of the proposed defense authorization plan for fiscal year 2018, The Hill reported Thursday. A Senate Armed Services Committee spokesperson confirmed to the publication that the Modernizing Government …

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 …

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 …

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 …

The Congressional Budget Office has said sequestration is not necessary for fiscal 2017 since appropriations for both defense and nondefense programs do not go beyond the caps on discretionary budget authority. CBO said in an August report that fiscal 2017 appropriations for defense programs based on the Office of Management and Budget …

The Congressional Budget Office‘s preliminary estimates suggest that the implementation of the House Armed Services Committee’s proposed defense spending bill for fiscal 2018 would decrease or raise net direct spending by $500,000 from fiscal 2018 through fiscal 2020. CBO Director Keith Hall told Rep. Mac Thornberry (R-Texas), HASC chairman, in a letter …