CBO estimates that as result of P.L. 119-21, resources will decrease for households toward the bottom of the income distribution, whereas resources will increase for households in the middle and toward the top of the income distribution.
CBO's interactive tool allows users to explore how the 2025 reconciliation act (P.L. 119-21) will affect the economic resources available to households grouped on the basis of their income.
The federal budget deficit totaled $1.6 trillion in the first 10 months of fiscal year 2025, the Congressional Budget Office estimates. That amount is $109 billion more than the deficit recorded during the same period last fiscal year. Revenues increased by $263 billion (or 6 percent), and outlays rose by $372 billion (or 7 percent).
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