CBO is saddened by the unexpected death of Senator Lindsey Graham. We had the privilege of working closely with Senator Graham during his service as Chairman of the Senate Budget Committee and when he was the committee's Ranking Member.

In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.

As ordered reported by the Senate Committee on Veterans’ Affairs on March 18, 2026

The federal budget deficit totaled $1.4 trillion in the first nine months of fiscal year 2026, CBO estimates. That amount is $35 billion more than the deficit recorded during the same period last fiscal year.

CBO describes current methods to detect and counter small unmanned aircraft systems and estimates it would cost about $74 million to outfit a typical military installation with a layered defense and at least $5 million a year to support it.

As ordered reported by the House Committee on Transportation and Infrastructure on May 22, 2026

As ordered reported by the Senate Committee on Veterans’ Affairs on March 18, 2026

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.

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 4, 2026

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 12, 2026

As ordered reported by the House Committee on House Administration on May 14, 2026

As ordered reported by the House Committee on House Administration on May 14, 2026

CBO describes its current analytical framework for modeling the economic effects of changes in federal funding for R&D, focusing on two approaches that CBO has developed: an R&D capital stock approach and an R&D components approach.