Presentation by Justin Humphrey, CBO's Finance, Housing, and Education Cost Estimates Unit Chief, at the American Association of State Colleges and Universities.
CBO and staff of the Joint Committee on Taxation respond to questions about how they develop estimates of the budgetary and economic effects of legislation.
Throughout the reconciliation process, CBO, in collaboration with the staff of the Joint Committee on Taxation, assists the Congress by providing nonpartisan analysis and cost estimates for legislative proposals.
CBO estimates that plans for U.S. nuclear forces, as described in the fiscal year 2025 budget and supporting documents, would cost $946 billion over the 2025–2034 period, $190 billion more than CBO's 2023 estimate for the 2023–2032 period.
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.
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