CBO plans to release its updated 10-year baseline budget projections on Tuesday, May 14. The agency’s analysis of the budgetary outlook under the President’s proposals will be available on CBO’s website Friday afternoon, May 17.
CBO Blog
The federal government ran a budget deficit of $489 billion in the first seven months of fiscal year 2013 (that is, from October 2012 through April 2013), according to CBO’s estimates.
Director Doug Elmendorf briefly describes his presentation to an economics class at Harvard University on April 26 and features his slides in case you missed their original posting on CBO’s website.
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?
CBO wrote a letter to House Budget Committee Chairman Ryan about how the agency analyzes the economic effects of changes in immigration policy.
CBO examined three options for Fannie Mae and Freddie Mac to use principal forgiveness for certain underwater borrowers. How would those options affect the number of mortgage defaults, the federal budget, and the overall economy?
The current trajectory of the Highway Trust Fund is unsustainable. Starting in fiscal year 2015, the trust fund will have insufficient amounts to meet all of its obligations—CBO projects—resulting in steadily accumulating shortfalls.
A wide array of possible changes in federal policy might bolster innovation.
In mid-May, CBO will issue two reports: one showing its projections of federal revenues and spending over the next 10 years if the President's proposals are adopted; and the other providing updated 10-year baseline projections.
Many analysts consider the chained CPI to be a more accurate measure of the cost of living for the average person than the traditional CPI—but increases in the chained CPI may understate growth in the elderly’s cost of living.