Federal agencies spent over $500 billion for contracted products and services in 2012, according to federal data. Between 2000 and 2012, such spending grew more quickly than inflation and also grew as a percentage of total federal spending.
CBO celebrated its 40th anniversary two weeks ago and hosted an event at the U.S. Capitol. CBO was honored to receive congratulatory remarks from both the House and Senate Budget Committees, and was delighted to host its former directors.