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- Report
Federal debt is projected to rise significantly over the long term. What policy changes could reduce future deficits and thus lower the trajectory of federal debt? What criteria might be used to evaluate those policy changes?
- Data and Technical Information
Effect of the Automatic Spending Reductions
- Cost Estimate
As posted on the website of the House Committee on Rules on December 10, 2013
- Presentation
Presentation by Jeff Holland, Chief, Projections Unit, at the National Conference of State Legislatures
- Report
Under current law, after February 7, 2014, the Treasury would have no room to borrow and would need to use its so-called extraordinary measures—which could be exhausted as early as March but might last until May or early June.
- Cost Estimate
As ordered reported by the Senate Committee on the Judiciary on October 31, 2013
- Presentation
Presentation by Doug Elmendorf, Director, to the Budget Conference Committee Led by Chairman Paul Ryan of the House Budget Committee and Chairman Patty Murray of the Senate Budget Committee
- Blog Post
Director Doug Elmendorf met with the budget conference committee to review the economic and budget outlook and to answer questions from the conferees.
- Blog Post
On October 30, the Treasury Department reported that the federal budget deficit for fiscal year 2013 totaled $680 billion, $38 billion more than CBO estimated in its most recent baseline in May.
- Graphic
Since 2008, corporate income tax receipts have been smaller, relative to the size of the economy, than their historical average of 1.9 percent of GDP—largely because the recent recession substantially reduced taxable corporate profits.