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- Report
Testimony before the Joint Select Committee on Deficit Reduction, U.S. Congress
- Report
Estimates of discretionary budget authority and outlays for fiscal year 2011.
- Report
Estimates of discretionary budget authority and outlays for fiscal year 2011.
- Blog Post
Yesterday I spoke at the Macroeconomic Advisers’ Washington Policy Conference. My presentation focused on the significant and fundamental budgetary challenges facing our nation. I thought I’d spend the majority of this blog post discussing the latter part of my presentation—some alternative broad changes in federal spending and tax policies that might result in a budget that is sustainable over the long term.
- Presentation
CBO Director Doug Elmendorf's presentation to the Macroeconomic Advisers' Washington Policy Seminar
- Report
Testimony before the Joint Select Committee on Deficit Reduction
- Blog Post
This morning I testified before the Joint Select Committee on Deficit Reduction—the body created under the Budget Control Act to propose further deficit reductions totaling at least $1.5 trillion over 10 years. I focused on CBO’s August publication, the Budget and Economic Outlook: An Update, what we have learned about performance of the U.S.
- Report
CBO projects that in fiscal year 2011, Social Security's outlays will total $733 billion, one-fifth of the federal budget; OASI payments will account for about 82 percent of those outlays, and DI payments, about 18 percent.
- Blog Post
CBO projects that in fiscal year 2011, outlays for Social Security will total $733 billion, one-fifth of the federal budget. About 56 million people will receive Social Security benefits this year. Most are retired workers, their spouses, their children, or their survivors, who receive payments through Old-Age and Survivors Insurance (OASI). The remainder consist of disabled workers or their spouses and children, who receive Disability Insurance (DI) benefits.
- Graphic
CBO's first infographic summarizes some of the agency's most recent projections for Social Security and provides background information on the program.