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- Interactive
This workbook allows users to enter an alternative scenario for productivity growth, labor force growth, inflation, or interest rates and see estimates of revenues, several types of spending, and deficits under those scenarios.
- Report
CBO has developed “rules of thumb” that show how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own alternative scenarios.
- Presentation
These slides provide an overview of CBO’s microsimulation tax model.
- Blog Post
This blog post explains how CBO assesses the macroeconomic effects of changes in federal spending for research and development. It also highlights areas in which additional research would enhance CBO’s capacity to evaluate such spending.
- Report
In CBO’s projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028.
- Report
On January 24, the Senate Budget Committee convened a hearing at which Director Keith Hall testified about CBO’s work in 2017 and its future plans. This document provides CBO’s answers to questions submitted for the record.
- Report
If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
- Report
Federal investment in physical capital, education, and research and development boosts private-sector productivity gradually. The overall macroeconomic and budgetary effects of federal investment depend on how that spending is financed.
- Report
The President’s budget proposals would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. The economic effects would affect the budget in ways that would reduce deficits.
- Report
Under budgetary paths (not particular policies) specified by Chairman Price, the budget would show a surplus in 2026. In comparison with CBO's extended baseline, economic output would be lower in the next few years but higher after 2020.