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1 Daniel Fried, et al., CBO's Recent Publications and Work in Progress as of June 30, 2023 1 (July 13, 2023)

handle is hein.congrec/cborctpc0001 and id is 1 raw text is: Congressional Budget Office NoiafsnAays otU o rs CBO's Recent Publications and Work in Progress as of June 30, 2023 J To provide the Congress with a comprehensive review of its work, the Congressional Budget Office publishes quarterly reports, like this one, that highlight the agency's recent publications and summarize its work in progress.1 Recent Work Over the past three months, CBO has produced a variety of budget and economic analyses, fulfilling the agency's core mission of supporting the Congress during each stage of the legislative process. The agency published 209 cost estimates for legislation that was reported by a committee or that was the subject of a motion to be placed on the consensus calendar. They included a letter, published on May 28, that discussed the estimated budgetary effects of the Fiscal Responsibility Act of 2023 (Public Law 118-5). That legislation imposes caps on discretionary funding, makes other changes that affect spending and revenues, and raises the debt ceiling. CBO estimated that if appropriations that are subject to caps on discretionary funding for 2024 and 2025 were constrained by the limits specified in section 101(a) of the law, the agency's projections of budget deficits would be reduced by about $1.5 trillion over the 2023-2033 period relative to its May 2023 baseline. On May 9, CBO published a cost estimate for H.R. 2, the Secure the Border Act of 2023, which would limit the ability of the Department of Homeland Security to provide parole to foreign-born people without legal status. In addition, on May 23, CBO estimated the cost of S. 211, the SMART Leasing Act, which would establish a pilot program that would allow the General Services Administration to enter into long-term enhanced-use leases for certain underused, nonexcess real property. Since CBO published its last quarterly report on the agency's work in progress, it has released 31 reports, working papers, and other analytic products (see Table 1 on page 6). A number of those products provided an analysis of the budgetary and economic situation in the United States. In May, the agency published An Update to the Budget Outlook: 2023 to 2033, which updated its projections of the federal budget for the next 10 years. The agency also published a report describing the debt limit and CBO's projection of when the federal government would no longer be able to pay its obligations in full if the limit was not increased or suspended. Later that month, CBO released An Analysis of the Discretionary Spending Proposals in the President's 2024 Budget, which compares the discretionary spending proposals in the President's 2024 budget with the agency's most recent baseline budget projections. Then, on June 28, the agency published its 1. For the previous edition of this report, see Congressional Budget Office, CBO's Recent Publications and Work in Progress as of March 31, 2023 (April 2023), www.cbo.gov/publication/58961.

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