CBO periodically issues a volume of options—this year’s (2016) installment presents 115—that would decrease federal spending or increase federal revenues over the next decade.
The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public—which has more than doubled relative to the size of the economy since 2007—and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass. To help inform lawmakers, CBO periodically issues a compendium of policy options that would help to reduce the deficit. This edition reports the estimated budgetary effects of various options and highlights some of the advantages and disadvantages of those options.
Read more about the summary | View the full report (PDF) | Budget Options