Outlook for the Budget and the Economy
- Blog Post
CBO’s Projection of Federal Interest Payments
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?
- Blog Post
Slack in the Labor Market in 2014
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.
- Blog Post
CBO Expects Economic Growth to Pick Up in the Next Few Years
CBO anticipates that the economy will grow slowly this year and then at a faster but still moderate pace over the next few years, driven largely by stronger growth in business investment, consumer spending, and residential investment.
- Report
CBO's Projections of Federal Receipts and Expenditures in the National Income and Product Accounts
How do CBO's projections of federal receipts and expenditures in the national income and product accounts compare with CBO's baseline projections of revenues and outlays in the federal budget?
- Graphic
The Economic Outlook for 2014 to 2024 in 15 Slides
This slide deck provides a quick overview of CBO's economic forecast published in An Update to the Budget and Economic Outlook: 2014 to 2024.
- Report
An Update to the Budget and Economic Outlook: 2014 to 2024
The deficit this year will be $506 billion, CBO estimates, about $170 billion lower than the deficit in 2013. After a weak first half of this year, CBO expects economic growth to pick up and the unemployment rate to continue to fall.
- Presentation
Press Briefing on An Update to the Budget and Economic Outlook
Director Douglas W. Elmendorf's Press Briefing Slides on CBO's report An Update to the Budget and Economic Outlook: 2014 to 2024
- Blog Post
Remarks on CBO’s Updated Budget and Economic Projections
Director Doug Elmendorf spoke to the press about CBO's latest budget and economic projections. His remarks and slides are included in this blog post.
- Blog Post
Revisions to CBO's Projections of Federal Health Care Spending
After the release of The 2014 Long-Term Budget Outlook, a number of people asked for more information about how much CBO has revised projected federal health care spending during the past several years. This post answers their questions.
- Blog Post
Growing Deficits Over the Long Term Would Cause Federal Debt to Exceed 100 Percent of GDP by 2039
How large would federal debt be in 25 years if current laws remained generally unchanged, and what would be the consequences of large and growing federal debt?