Today I spoke to the National Tax Association in Chicago and earlier this week I spoke to the Society of Government Economists in Washington, D.C. This weeks presentations are quite similar to those that I gave last month in Los Angeles and New York. (See my posts on October 27 and October 21.) I highlighted aspects of my testimony to the Senate Budget Committee in late September, reviewing CBO's recent analyses of the economic outlook and the potential impact on the economy of various fiscal policy options that CBO studied earlier in the year. I also discussed CBO's estimates of the economic impact of extending some or all of the 2001 and 2003 tax cuts that are scheduled to expire at the end of the year.