Clik here to view.
Macroeconomic Effects of Alternative Budgetary Paths
Short Description: CBO examined three budgetary paths that would increase or reduce budget deficits relative to current law. Through 2023, those paths would result in considerably different...
View ArticleClik here to view.
The Budget and Economic Outlook: Fiscal Years 2013 to 2023
Short Description: Under current law, federal debt will stay at historically high levels relative to the economy, CBO projects. Economic growth will be slow in 2013 but pick up thereafter. Even so,...
View ArticleEconomic Growth Is Likely to Be Slow in 2013 and Pick Up in Later Years
On Tuesday CBO published a new economic forecast in The Budget and Economic Outlook: Fiscal Years 2013-2023. The forecast—reflecting current law—takes into account the recent passage of the American...
View ArticleTestimony on the Budget and Economic Outlook: Fiscal Years 2013 to 2023
Testimony before the Committee on the Budget, United States SenateThis statement summarizes CBO's new economic forecast and baseline budget projections, which cover fiscal years 2013 to 2023. Those...
View ArticleTestimony on the Budget and Economic Outlook: Fiscal Years 2013 to 2023
Testimony before the Committee on the Budget, U.S. House of RepresentativesThis statement summarizes CBO's new economic forecast and baseline budget projections, which cover fiscal years 2013 to 2023....
View ArticleCBO Testifies on the Budget and Economic Outlook
I testified twice this week about CBO’s latest projections for the economy and the budget—on Tuesday to the Senate Budget Committee, and on Wednesday to the House Budget Committee. In my prepared...
View ArticleChanges in Discretionary Funding During the Past Few Years
Short Description: Following a recent hearing, a Member of Congress asked in a question for the record: “How do today’s discretionary funding levels compare with pre-recession funding levels?” Today's...
View ArticleCBO’s Plan for Its Major Periodic Reports This Year
Short Description: Letter to the Honorable Paul Ryan Letter to the Honorable Paul RyanCBO issued the spring update to its 10-year baseline projections in May this year—rather than in March, as it...
View ArticleSome Information on Upcoming CBO Reports
Short Description: In a letter today to the Chairs and Ranking Members of the House and Senate Budget Committees, we described the schedule for the rest of the year for CBO’s key economic and budget...
View ArticleClik here to view.
How Eliminating the Automatic Spending Reductions Specified by the Budget...
Short Description: Canceling the automatic spending reductions in effect for 2013 and scheduled for 2014 would increase both real GDP and employment in 2014 compared with what would occur under...
View ArticleClik here to view.
How CBO Projects Income
Short Description: Projections of income earned by individuals and businesses are an integral part of CBO’s regular 10-year projections of the economy and a key component of its projections of federal...
View ArticleTestimony on The 2013 Long-Term Budget Outlook
Short Description: Testimony before the Committee on the Budget, U.S. House of Representatives Testimony before the Committee on the Budget, U.S. House of RepresentativesThis statement summarizes...
View ArticleThe Slow Recovery of the Labor Market
Short Description: Since the recession ended in June 2009, employment has risen sluggishly and the unemployment rate has fallen only partway back to its prerecession level. This CBO report discusses...
View ArticleThe Budget and Economic Outlook: 2014 to 2024
Short Description: Under current law, deficits will drop through 2015 but rise thereafter, boosting the already high federal debt, CBO projects. Economic growth will be solid in the near term, but...
View ArticleKey Assumptions in Projecting Potential GDP—February 2014 Baseline
Short Description: Key Assumptions in Projecting Potential GDP
View ArticleEstimates of Potential GDP and the Related Unemployment Rate
Short Description: Historical Estimates of Potential GDP
View ArticleBaseline Economic Forecast—February 2014 Baseline Projections
Short Description: Economic Baseline Projections from February 2014 Correction: On February 7, 2014, CBO reposted this spreadsheet with corrected historical values for the price indexes in the...
View ArticlePresentation with the Release of the Budget and Economic Outlook
Presentation with the Release of the Budget and Economic Outlook Short Description: In a briefing for the press this morning, Director Doug Elmendorf summarized CBO’s outlook for the budget and the...
View ArticleTestimony on the Budget and Economic Outlook: 2014 to 2024
Short Description: Testimony by Douglas W. Elmendorf, Director, before the Committee on the Budget, U.S. House of Representatives Testimony before the Committee on the Budget, U.S. House of...
View ArticleTestimony Before the House Budget Committee on the Budget and Economic Outlook
Testimony Before the House Budget Committee on the Budget and Economic Outlook Short Description: Director Doug Elmendorf testified on CBO’s latest projections for the budget and economy. The video...
View ArticleFrequently Asked Questions About CBO’s Estimates of the Labor Market Effects...
Frequently Asked Questions About CBO’s Estimates of the Labor Market Effects of the Affordable Care Act Short Description: CBO answers a few questions it has received about last week’s analysis of...
View ArticleTestimony on the Budget and Economic Outlook: 2014 to 2024
Short Description: Testimony by Douglas W. Elmendorf, Director, before the Committee on the Budget, United States Senate Testimony before the Committee on the Budget, United States Senateread more
View ArticleBreakfast with Reporters
Breakfast with Reporters Short Description: Director Doug Elmendorf spoke with a group of reporters who gather regularly at the invitation of the Christian Science Monitor. He opened with a...
View ArticlePresentation to the National Association for Business Economics
Presentation to the National Association for Business Economics Short Description: How will the labor market evolve? How rapidly will potential and actual output grow? What will be the paths of...
View ArticleCBO’s Outlook for the Economy
Short Description: Presentation by Doug Elmendorf, CBO Director, to the National Association for Business Economics Presentation by Doug Elmendorf, CBO Director, to the National Association for...
View ArticleEconomic Growth Is Projected to Be Solid in the Near Term, but Weakness in...
Economic Growth Is Projected to Be Solid in the Near Term, but Weakness in the Labor Market Will Probably Persist Short Description: CBO projects that the economy will grow more rapidly from 2014 to...
View ArticleU.S. Labor Market Has Recovered Slowly and Only Partially Since the End of...
U.S. Labor Market Has Recovered Slowly and Only Partially Since the End of the Recession Short Description: The slow recovery of the labor market largely reflects slow growth in the demand for goods...
View ArticleThe Long-Run Effects of Federal Budget Deficits on National Saving and...
Short Description: This paper reviews CBO’s estimates of the effects of changes in federal deficits on national saving and private domestic investment. By Jonathan Huntleyread more
View ArticleRevisions to CBO's Projection of Potential Output Since 2007
Revisions to CBO's Projection of Potential Output Since 2007 Short Description: CBO examines the change in its projections of potential output for the year 2017: The estimate for that year that CBO...
View ArticleEstimates of Potential GDP and the Related Unemployment Rate, January 1991 to...
Short Description: Historical Estimates of Potential GDP Corrected: On September 30, 2013, this file was reposted with corrections to the estimates of the short-term natural rate of unemployment for...
View Article
