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blog post
June 14, 2012
Economy
CBO regularly assesses the state of the economy and the impact on the economy of proposed changes in federal spending and taxes. Analysts prepare economic projections that underlie CBO’s projections for the federal budget and cost estimates for proposed legislation; study major aspects of the economy such as trends in productivity and long-term unemployment; and examine the economic impact of changes in the nation’s tax system or reforms to federal programs.
Economic Effects of Policies Contributing to Fiscal Tightening in 2013
Nov 2012 - Significant tax increases and spending cuts are slated to take effect in January 2013, sharply reducing the federal budget deficit and causing, by CBO’s estimates, a decline in economic output and an increase in unemployment.
The Budget and Economic Outlook: Fiscal Years 2013 to 2023
Feb 2013 - 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, the unemployment rate will be above 7.5 percent through 2014.
The Economic Impact of the President's 2013 Budget
Apr 2012 - CBO analyzes the potential effects of the President's budget on the economy and, in turn, the impact of those macroeconomic effects on the federal budget.
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related publications
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The 2012 Long-Term Budget Outlook
June 05, 2012 -
The 2012 Long-Term Budget Outlook: Infographic
June 05, 2012
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Supplemental Material
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monthly archive
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