CBO Releases Report on US Flood Adaptation Spending and Federal Budget
1 report, 1 independent
Updated Thu 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The Congressional Budget Office released a report titled "How Spending for Flood Adaptations Affects the Federal Budget" on October 8, 2026. The report notes that flooding is one of the most expensive natural disasters in the United States. Furthermore, damage from flooding is expected to worsen in the coming decades due to climate change and continued coastal development.
From targetednews.com
Why it matters
The report provides analysis on how federal spending related to flood adaptation impacts the national budget. This analysis is used by Congress and the House to inform legislative and spending decisions regarding disaster mitigation.
From targetednews.com
Who's involved
- Congressional Budget OfficeGovernment agency that issued the non-partisan economic report on federal spending.
- Phillip SwagelDirector of the Congressional Budget Office.
- Donald TrumpThe administration for which the CBO provides economic analysis.
- HouseLegislative body that relies on the CBO for economic assessments.
- CongressLegislative body that uses the CBO's analysis to inform spending decisions.
Keep exploring
The entities involved
-
Congressional Budget Office
government agency