CBO’s Director describes the two volumes of budget options that the agency released today. They describe a variety of policies that would reduce federal budget deficits by increasing revenues or decreasing spending over the next 10 years.

    

CBO issues a volume describing 17 policy options that would each reduce the federal budget deficit by more than $300 billion over the next 10 years or, in the case of Social Security options, have a comparably large effect in later decades.

    

CBO issues a volume that contains short descriptions of 59 policy options that would each reduce the federal budget deficit by less than $300 billion over the next 10 years.