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CBO Requests $75.8M, Plans 15 New Hires; Director Warns Tariffs Will Raise Prices

2928677 · April 9, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Congressional Budget Office asked for $75.8 million for FY2026, an 8.2% increase, to fund pay and benefits, IT and cybersecurity, and 15 additional analysts. Director Swagel told the committee tariffs will raise consumer prices and said CBO uses AI in limited, controlled ways.

Director Swagel told the House Appropriations subcommittee the Congressional Budget Office requests $75,800,000 for fiscal year 2026, an 8.2% increase from FY2025, to cover pay and benefits, strengthen IT and cybersecurity, and add staff in high‑demand areas.

The request would raise CBO staffing from about 270 to 285 employees, Swagel said, with roughly $3,000,000 of the increase covering pay and benefits and about $2,800,000 to address IT and cybersecurity needs. The…

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