Loan guarantees made in the FHA's single-family mortgage program between 1992 and 2013 are now projected to generate small costs over their lifetimes rather than the significant savings that were originally recorded in the federal budget.
September 2014
Last week Director Doug Elmendorf spoke at Macroeconomic Advisers’ Washington Policy Seminar and at Cornell University.
CBO is excited to announce the launch of its YouTube channel! We will post videos of Congressional testimonies, press briefings, and other events involving CBO.
The federal government ran a budget deficit of $589 billion for the first 11 months of fiscal year 2014, CBO estimates—$166 billion less than the shortfall recorded over the same period last year.
CBO projects that interest payments on the federal debt will more than triple under current law over the next decade. What accounts for that large increase?
Conditions in the labor market have improved notably in recent quarters, but a significant amount of slack in the economy remains. CBO projects that ongoing gains in employment over the next few years will largely eliminate that slack.