Outlook for the Budget and the Economy
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Questions About CBO’s Current View of the Economy in 2023 and 2024 and the Implications for Households and the Federal Budget
CBO responds to questions about its current view of the economy over the next two years, how that compares with CBO's most recent projections and with those of the Federal Reserve, and the implications for households and the federal budget.
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Army Corps of Engineers: Budgetary History and Projections
CBO examines trends in funding and spending for the Army Corps of Engineers and explains how CBO treats that agency’s activities in its baseline and cost estimates.
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FEMA’s Disaster Relief Fund: Budgetary History and Projections
CBO examines trends in funding and spending for the Federal Emergency Management Agency's Disaster Relief Fund and provides information about how CBO treats that program in its baseline and cost estimates.
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Automatic Stabilizers in the Federal Budget: 2022 to 2032
CBO projects the budgetary effects of automatic stabilizers—as well as the size of deficits without them—from 2022 to 2032 and provides historical estimates of the stabilizers’ effects since 1972.
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CBO’s Projections of Federal Receipts and Expenditures as Measured by the National Income and Product Accounts: 2022 to 2032
This report presents CBO’s revenue and outlay projections for 2022 to 2032 translated to the receipts and expenditures used in the national income and product accounts framework.
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Economic Analysis of Budget Reconciliation Legislation
CBO provides answers to four questions that Senator Lindsey Graham asked related to H.R. 5376, the Inflation Reduction Act of 2022, and broader economic conditions.
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Budgetary Costs of Higher Interest Rates and Inflation
CBO responds to three questions that Congressman Jason Smith asked about the budgetary costs of higher interest rates and inflation.
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The 2022 Long-Term Budget Outlook
The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
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Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2022 to 2032
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
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Estimates of the Cost of Federal Credit Programs in 2023
CBO estimates the costs of federal credit programs in 2023 in two ways—following procedures prescribed by the Federal Credit Reform Act (FCRA) and using a fair-value approach, which measures the market value of the government’s obligations.