[Congressional Record Volume 154, Number 11 (Thursday, January 24, 2008)]
[Senate]
[Pages S275-S277]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

  Mr. CONRAD. Mr. President, I rise to submit to the Senate the fourth 
budget scorekeeping report for the 2008 budget resolution. The report, 
which covers fiscal year 2008, was prepared by the Congressional Budget 
Office pursuant to section 308(b) and in aid of section 311 of the 
Congressional Budget Act of 1974, as amended.
  The report shows the effect of congressional action through January 
23, 2008, and includes legislation that was enacted and or cleared for 
the President's signature since I filed my last report for fiscal year 
2008. The new legislation includes:
  P.L. 110-53, Implementing Recommendations of the 9/11 Commission Act 
of 2007;
  P.L. 110-84, the College Cost Reduction and Access Act;

[[Page S276]]

  P.L. 110-85, the Food and Drug Administration Amendments Act of 2007;
  P.L. 110-89, an act to extend the trade adjustment assistance program 
under the Trade Act of 1974 for 3 months;
  P.L. 110-90, the TMA, Abstinence Education, and QI Programs Extension 
Act of 2007;
  P.L. 110-114, the Water Resources Development Act of 2007;
  P.L. 110-116; the Department of Defense Appropriations Act, 2008;
  P.L. 110-135, the Fair Treatment for Experienced Pilots Act;
  P.L. 110-138, the United States-Peru Trade Promotion Agreement 
Implementation Act;
  P.L. 110-140, the Energy Independence and Security Act of 2007;
  P.L. 110-142, the Mortgage Forgiveness Debt Relief Act of 2007;
  P.L. 110-150, a bill to amend title 39, United States Code, to extend 
the authority of the United States Postal Service to issue a semipostal 
to raise funds for breast cancer research;
  P.L. 110-160, the Terrorism Risk Insurance Program Reauthorization 
Act of 2007;
  P.L. 110-161, the Consolidated Appropriations Act, 2008;
  P.L. 110-166, the Tax Increase Prevention Act of 2007;
  P.L. 110-173, the Medicare, Medicaid, and SCHIP Extension Act of 
2007;
  P.L. 110-175, the OPEN Government Act of 2007; and
  H.R. 4986--pending Presidential action as of January 22, 2008--the 
National Defense Authorization Act for Fiscal Year 2008.
  The estimates of budget authority, outlays, and revenues used in the 
report are consistent with the technical and economic assumptions of S. 
Con Res. 21, the 2008 budget resolution.
  The estimates show that current level spending is below the budget 
resolution by $24.4 billion for budget authority and $13.5 billion for 
outlays while current level revenues are below the budget resolution 
level by $19 billion.
  I ask unanimous consent that the letter and accompanying tables from 
CBO be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                 Washington, DC, January 24, 2008.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed report shows the effects of 
     Congressional action on the fiscal year 2008 budget and is 
     current through January 23, 2008. This report is submitted 
     under section 308(b) and in aid of section 311 of the 
     Congressional Budget Act, as amended.
       The estimates of budget authority, outlays, and revenues 
     are consistent with the technical and economic assumptions of 
     S. Con. Res. 21, the Concurrent Resolution on the Budget for 
     Fiscal Year 2008, as approved by the Senate and the House of 
     Representatives.
       Pursuant to section 204(a) of S. Con. Res. 21, provisions 
     designated as emergency requirements are exempt from 
     enforcement of the budget resolution. As a result, the 
     enclosed current level report excludes these amounts (see 
     footnote 1 of Table 2 of the report).
       Since my last letter, dated July 26, 2007, the Congress has 
     cleared and the President has signed the following acts that 
     affect budget authority, outlays, or revenues for fiscal year 
     2008: Implementing Recommendations of the 9/11 Commission Act 
     of 2007 (Public Law 110-53); College Cost Reduction and 
     Access Act (Public Law 110-84); Food and Drug 
     Administration Amendments Act of 2007 (Public Law 110-85); 
     An act to extend the trade adjustment assistance program 
     under the Trade Act of 1974 for three months (Public Law 
     110-89); TMA, Abstinence Education, and QI Programs 
     Extension Act of 2007 (Public Law 110-90); Water Resources 
     Development Act of 2007 (Public Law 110-114); Department 
     of Defense Appropriations Act, 2008 (Public Law 110-116); 
     Fair Treatment for Experienced Pilots Act (Public Law 110-
     135); United States-Peru Trade Promotion Agreement 
     Implementation Act (Public Law 110-138); Energy 
     Independence and Security Act of 2007 (Public Law 110-
     140); Mortgage Forgiveness Debt Relief Act of 2007 (Public 
     Law 110-142); A bill to amend title 39, United States 
     Code, to extend the authority of the United States Postal 
     Service to issue a semipostal to raise funds for breast 
     cancer research (Public Law 110-150); Terrorism Risk 
     Insurance Program Reauthorization Act of 2007 (Public Law 
     110-160); Consolidated Appropriations Act, 2008 (Public 
     Law 110-161); Tax Increase Prevention Act of 2007 (Public 
     Law 110-166); Medicare, Medicaid, and SCHIP Extension Act 
     of 2007 (Public Law 110-173); and OPEN Government Act of 
     2007 (Public Law 110-175).
       In addition, the Congress has cleared the National Defense 
     Authorization Act for Fiscal Year 2008 (H.R. 4986) for the 
     President's signature.
       The effects of those actions are detailed on Table 2.
           Sincerely,
                                                Robert A. Sunshine
                                  (for Peter R. Orszag, Director.)
       Enclosure.

   TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR
                FISCAL YEAR 2008, AS OF JANUARY 23, 2008
                        (In billions of dollars)
------------------------------------------------------------------------
                                                               Current
                                     Budget       Current    level over/
                                   resolution    level \2\    under (-)
                                      \1\                     resolution
------------------------------------------------------------------------
           ON-BUDGET
 
  Budget Authority.............       2,357.5       2,333.0        -24.4
  Outlays......................       2,359.6       2,346.2        -13.5
  Revenues.....................       2,019.6       2,000.7        -19.0
 
           OFF-BUDGET
 
  Social Security Outlays \3\..         460.2         460.2          0.0
  Social Security Revenues.....         669.0         669.0         0.0
------------------------------------------------------------------------
\1\ S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal
  Year 2008, as adjusted pursuant to section 207(f), assumed
  approximately $0.6 billion in budget authority and $48.6 billion in
  outlays from emergency supplemental appropriations. Such emergency
  amounts are exempt from the enforcement of the budget resolution.
  Since current level totals exclude the emergency requirements enacted
  in P.L. 110-28 (see footnote 1 of table 2), budget authority and
  outlay totals specified in the budget resolution have also been
  reduced (by the amounts assumed for emergency supplemental
  appropriations) for purposes of comparison.
Additionally, section 207(c)(2)(E) of S. Con. Res. 21 assumed $145.2
  billion in budget authority and $65.8 billion in outlays for overseas
  deployment and related activities. Pending action by the Senate
  Committee on Appropriations, the Senate Committee on the Budget has
  directed that these amounts be excluded from the budget resolution
  aggregates in the current level report.
\2\ Current level is the estimated effect on revenue and spending of all
  legislation that the Congress has enacted or sent to the President for
  his approval. In addition, full-year funding estimates under current
  law are included for entitlement and mandatory programs requiring
  annual appropriations, even if the appropriations have not been made.
\3\ Excludes administrative expenses of the Social Security
  Administration, which are off-budget, but are appropriated annually.
Source: Congressional Budget Office.


  TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL YEAR
                                          2008, AS OF JANUARY 23, 2008
                                            [In millions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                                      Budget
                                                                     authority        Outlays        Revenues
----------------------------------------------------------------------------------------------------------------
Enacted in previous sessions:
  Revenues......................................................            n.a.            n.a.       2,050,796
  Permanents and other spending legislation.....................       1,410,115       1,352,183            n.a.
  Appropriation legislation.....................................               0         420,888            n.a.
  Offsetting receipts...........................................        -575,635        -575,635            n.a.
                                                                 -----------------------------------------------
    Total, enacted in previous sessions.........................         834,480       1,197,436       2,050,796
Enacted this Congress:
  Authorizing Legislation:
  An act to extend the authorities of the Andean Trade                         0               0             -41
   Preference Act until February 29, 2008 (P.L. 110-42).........
  A bill to provide for the extension of Transitional Medical                 96              99               0
   Assistance (TMA) and the Abstinence Education Program through
   the end of fiscal year 2007, and for other purposes (P.L. 110-
   48)..........................................................
  A joint resolution approving the renewal of import                           0               0              -2
   restrictions contained in the Burmese Freedom and Democracy
   Act of 2003, and for other purposes (P.L. 110-52)............
  Implementing Recommendations of the 9/11 Commission Act of                   0            -425               0
   2007 (P.L. 110-53)...........................................
  College Cost Reduction and Access Act (P.L. 110-84)...........            -326            -992               0
  Food and Drug Administration Amendments Act of 2007 (P.L. 110-              -3              -3               0
   85)..........................................................
  An act to extend the trade adjustment assistance program under               9               9               0
   the Trade Act of 1974 for 3 months (P.L. 110-89).............
  TMA, Abstinence Education, and QI Programs Extension Act of                815             804               0
   2007 (P.L. 110-90)...........................................
  Water Resources Development Act of 2007 (P.L. 110-114)........              -1              -1               0
  Fair Treatment for Experienced Pilots Act (P.L. 110-135)......               0              -9               0
  United States-Peru Trade Promotion Agreement Implementation                  4               4             -20
   Act (P.L. 110-138)...........................................
  Energy Independence and Security Act of 2007 (P.L. 110-140)...              66              64           1,016
  Mortgage Forgiveness Debt Relief Act of 2007 (P.L. 110-142)...               0               0            -162
  A bill to amend title 39, United States Code, to extend the                  0              -2               0
   authority of the United States Postal Service to issue a
   semipostal to raise funds for breast cancer research (P.L.
   110-150).....................................................
  Terrorism Risk Insurance Program Reauthorization Act of 2007               200             200               0
   (P.L. 110-160)...............................................
  Tax Increase Prevention Act of 2007 (P.L. 110-166)............               0               0         -50,593
  Medicare, Medicaid, and SCHIP Extension Act of 2007 (P.L. 110-           3,465           4,644               0
   173).........................................................
  OPEN Government Act of 2007 (P.L. 110-175)....................              -2              -2               0
                                                                 -----------------------------------------------
    Total, authorizing legislation enacted in this Congress.....           4,323           4,390         -49,802

[[Page S277]]

 
  Appropriations Acts:
  U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and                  1              42            -335
   Iraq Accountability Appropriations Act, 2007 (P.L. 110-28)
   \1\..........................................................
  Department of Defense Appropriations Act, 2008 (P.L. 110-116)          459,550         311,596               0
   \1\..........................................................
  Consolidated Appropriations Act, 2008 (P.L. 110-161) \1\......       1,041,512         831,744               0
                                                                 -----------------------------------------------
    Total, appropriations acts enacted in this Congress.........       1,501,063       1,143,382            -335
Passed, pending signature:
  National Defense Authorization Act for Fiscal Year 2008 (H.R.               -6             -31               2
   4986)........................................................
Entitlements and mandatories:
  Budget resolution estimates of appropriated entitlements and            -6,825           1,013               0
   other mandatory programs.....................................
Total Current Level \1\,\2\.....................................       2,333,035       2,346,190       2,000,661
Total Budget Resolution \3\.....................................       2,503,226       2,474,039       2,019,643
  Adjustment to the budget resolution for emergency requirements            -605         -48,639            n.a.
   \4\..........................................................
  Adjustment to the budget resolution pursuant to section               -145,162         -65,754            n.a.
   207(c)(2)(E) \5\.............................................
Adjusted Budget Resolution......................................       2,357,459       2,359,646       2,019,643
Current Level Over Adjusted Budget Resolution...................            n.a.            n.a.            n.a.
Current Level Under Adjusted Budget Resolution..................          24,424          13,456         18,982
----------------------------------------------------------------------------------------------------------------
\1\ Pursuant to section 204(a) of S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal Year 2008,
  provisions designated as emergency requirements are exempt from enforcement of the budget resolution. The
  amounts so designated for fiscal year 2008, which are not included in the current level total, are as follows:


U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq             605          48,639            n.a.
 Accountability Appropriations Act, 2007 (P.L. 110-28)..........
An act making continuing appropriations for the fiscal year                5,200           1,024            n.a.
 2008, and for other purposes (P.L. 110-92).....................
Department of Defense Appropriations Act, 2008 (P.L. 110-116)...          11,630           1,047            n.a.
Further Continuing Appropriations, 2008 (P.L. 110-116, Division            6,400           1,369            n.a.
 B).............................................................
Consolidated Appropriations Act, 2008 (P.L. 110-161)............          81,125          40,568            n.a.
                                                                 -----------------------------------------------
    Total, enacted emergency requirements.......................         104,960          92,647           n.a.
 
\2\ For purposes of enforcing section 311 of the Congressional Budget Act in the Senate, the budget resolution
  does not include budget authority, outlays, or revenues for off-budget amounts. As a result, current level
  excludes these items.
\3\ Periodically, the Senate Committee on the Budget revises the totals in S. Con. Res. 21, pursuant to various
  provisions of the resolution:


Original Budget Resolution......................................       2,496,028       2,469,636       2,015,858
Revisions:
  To reflect the difference between the assumed and actual                   -71          -1,421             -17
   nonemergency supplemental appropriations for fiscal year 2007
   (section 207(f)).............................................
  For extension of the Transitional Medical Assistance (TMA)                  96              99               0
   program (section 320(c)).....................................
  State Children's Health Insurance Program (SCHIP) (section               7,237           2,055           6,243
   301).........................................................
  For the College Cost Reduction and Access Act (section 306)...            -176            -842               0
  Revision to State Children's Health Insurance Program (SCHIP)           -7,237          -2,055          -6,243
   (section 301)................................................
  Further revision to State Children's Health Insurance Program            9,098           2,412           6,210
   (SCHIP) (section 301)........................................
  Further revision to State Children's Health Insurance Program           -9,098          -2,412          -6,210
   (SCHIP) (section 301)........................................
  Further revision to State Children's Health Insurance Program            9,332           2,386           6,210
   (SCHIP) (section 301)........................................
  For the Farm Bill (Section 307)...............................           3,624           1,690           2,784
  For the Energy Independence and Security Act of 2007 (section               66              64           1,016
   308(a))......................................................
  For the National Defense Authorization Act for Fiscal Year                 -15            -112               2
   2008 (section 302)...........................................
  For the Terrorism Risk Insurance Program Reauthorization Act               200             200               0
   of 2007 (section 310)........................................
  For the Medicare, Medicaid, and SCHIP Extension Act of 2007              3,465           4,644               0
   (sections 301(a), 304(b)(2), 320(a), and 320(c)).............
  Further revision for the National Defense Authorization Act                 15             112              -2
   for Fiscal Year 2008 (section 302)...........................
  Further revision for the National Defense Authorization Act                 -6             -31               2
   for Fiscal Year 2008 (section 302)...........................
  Further revision to State Children's Health Insurance Program           -9,332          -2,386          -6,210
   (SCHIP) (section 301)........................................
                                                                 -----------------------------------------------
Revised Budget Resolution.......................................       2,503,226       2,474,039      2,019,643
 
\4\ S. Con. Res. 21, as adjusted pursuant to section 207(f), assumed $605 million in budget authority and
  $48,639 million in outlays from emergency supplemental appropriations. Such emergency amounts are exempt from
  the enforcement of the budget resolution. Since current level totals exclude the emergency requirements
  enacted in P.L. 110-28 (see footnote 1), budget authority and outlay totals specified in the budget resolution
  also have been reduced (by the amounts assumed for emergency supplemental appropriations) for purposes of
  comparison.
\5\ Section 207(c)(2)(E) of S. Con. Res. 21 assumed $145,162 million in budget authority and $65,754 million in
  outlays for overseas deployment and related activities. Pending action by the Senate Committee on
  Appropriations, the Senate Committee on the Budget has directed that these amounts be excluded from the budget
  resolution aggregates in the current level report.
Source: Congressional Budget Office.
Note: n.a. = not applicable; P.L. = Public Law.



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