President's Budget

Each year, CBO estimates the effects of the President’s budgetary proposals using the agency’s economic projections and estimating approaches—which also underlie CBO’s Budget and Economic Outlook and cost estimates for proposed legislation. As a result, the Congress has a consistent basis for comparing the President’s proposals to Congressional proposals. CBO also estimates how the President’s budget would affect the economy and how, in turn, that economic impact would affect the federal budget.

  • Report July 22, 2014

    The President’s policies would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. Such economic effects would feed back into the budget in ways that would reduce deficits.

  • Report April 17, 2014

    Enacting the President’s proposals would, CBO and JCT estimate, result in deficits totaling $6.6 trillion between 2015 and 2024, $1.0 trillion less than the cumulative deficit in CBO’s current-law baseline.