CBO describes a structural model for estimating how changes in permitting requirements affect private investment. The framework shows how longer or more uncertain permitting processes increase the user cost of capital and reduce investment.
CBO provides current information about the budgetary effects of drug provisions in the 2022 Reconciliation Act; the effects of drug price negotiation, inflation rebates, and the Medicare Part D redesign; and ongoing updates to CBO's models.
CBO projects that the military's fighter fleet will shrink from about 3,300 aircraft now to about 3,000 by 2029 and then grow to 3,600 aircraft by 2040. Starting in 2033, more than half the fleet will be harder-to-detect stealthy aircraft.
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