We are excited to announce the launch of several enhancements to our website! These new pages are designed to make it easier to find reports with policy options—for changing federal tax and spending policies—and to find answers to FAQs.

CBO estimates that the cost of the Navy’s 2015 shipbuilding plan—an average of about $21 billion per year (adjusted for inflation) over 30 years—would be one-third higher than the funding that the Navy has received in recent decades.

At a conference organized by the Brookings Institution, Director Doug Elmendorf discussed the ways in which CBO quantifies uncertainty and why most of the agency’s estimates are presented as point values.

Presentation by Doug Elmendorf, CBO Director, at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.