Outlook for the Budget and the Economy
- Report
Federal Debt and the Statutory Limit, November 2012
The Congress has traditionally placed a limit on the total amount of debt that the Department of the Treasury can issue to the public and to other federal agencies.
- Report
Choices for Deficit Reduction
Are fiscal rules a useful tool for achieving budgetary goals? View the appendix of this report to learn more.
- Report
Economic Effects of Policies Contributing to Fiscal Tightening in 2013
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.
- Blog Post
The Challenge of Deficit Reduction
In fiscal year 2012, the federal budget deficit surpassed $1 trillion for the fourth year in a row.
- Report
An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022
For fiscal year 2012, the federal budget deficit will total $1.1 trillion, CBO estimates, marking the fourth year in a row with a deficit of more than $1 trillion.
- Blog Post
CBO Releases Its Annual Summer Update of the Budget and Economic Outlook
Today CBO released An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022. The report, issued annually in the late summer, contains the agency’s updated economic and budget projections spanning the period from 2012 through 2022.
- Data and Technical Information
Expiring Tax Provisions—August 2012 Baseline
This table provides supplemental information about policy alternatives that affect the tax code contained in Table 1-5 in CBO’s August 2012 report An Update to the Economic and Budget Outlook: Fiscal Years 2012 to 2022.
- Graphic
Fiscal Tightening in 2013 and Its Economic Consequences - Infographic
Under current law, a sharp reduction in the federal budget deficit between 2012 and 2013 will cause the economy to contract, CBO projects, but will also put federal debt on a path more likely to be sustainable over time.
- Blog Post
CBO To Release Updated Budget and Economic Outlook On August 22
The Congressional Budget Office will release The Budget and Economic Outlook: An Update on Wednesday, August 22. That report, which CBO issues annually in the late summer, will contain the agency’s updated economic and budget projections spanning the period from 2012 through 2022.
- Blog Post
Breakfast with Reporters
I was pleased to speak early yesterday with a group of reporters who gather regularly at the invitation of the Christian Science Monitor. (Audio of the event is below.)