CBO expects that a pickup in business and residential investment will lead to faster economic growth in 2017; nevertheless, consumer spending will continue to provide the largest contribution to growth in the short term.
This morning I briefed the press about The Budget and Economic Outlook: 2017 to 2027, which CBO published along with two slide decks illustrating the report’s key findings.
If current laws remained generally unchanged, deficits would follow an upward trajectory over the next decade, driving up federal debt. CBO projects moderate economic growth during that period.
As the 115th Congress gets under way, we are excited to announce the launch of a new video that provides an overview of CBO’s role and responsibilities and a revamped Introduction to CBO page on our website.
CBO reports on the estimated changes in health insurance coverage and premiums that would result from leaving the Affordable Care Act’s insurance market reforms in place while repealing the law’s mandate penalties and subsidies.
This blog post describes CBO's current projections of labor force participation, and compares them with the agency's previous projections and with those of the Social Security Trustees.
CBO reports annually to the Congress on programs funded for the current fiscal year whose authorizations of appropriations have expired and on programs whose authorizations of appropriations will expire during the current fiscal year.
CBO will release its annual Budget and Economic Outlook on Tuesday, January 24. It will be available on CBO’s website at 10:00 a.m. ET.
The federal budget deficit was $207 billion for the first three months of fiscal year 2017, CBO estimates—$8 billion less than the shortfall recorded during the same period last year.
O&M costs grew by almost 50 percent between 2000 and 2012, after adjusting for inflation. Much of that growth was in spending for health care, civilian pay, and contracted professional and maintenance services.