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- Report
Under current law, on December 9, federal debt will be at the statutory limit and the Treasury will need to use “extraordinary measures” to continue to raise cash. Those measures would probably be exhausted in late March or early April.
- Report
In the baseline projections CBO has issued each spring, projected outlays have generally been close to actual amounts, although they have been too high, on average—a consequence of the agency’s economic forecasts and other factors.
- Presentation
Presentation by Keith Hall, CBO Director, to the Council for Affordable Health Coverage and the American Action Forum.
- Report
CBO’s economic forecasts have been comparable in quality to those of the Administration and the Blue Chip consensus. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters.
- Report
Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
- Report
How much do companies benefit from corporate inversions? In this report, CBO analyzes the reasons for and effects of inversions. CBO also projects how inversions and certain other strategies will affect future U.S. corporate tax revenues.
- Presentation
Presentation by Sam Papenfuss, Deputy Assistant Director for CBO’s Budget Analysis Division, at the National Association of State Auditors, Comptrollers and Treasurers annual conference.
- Presentation
Presentation by Robert Shackleton, an analyst in CBO’s Macroeconomic Analysis Division, at the NABE Foundation's 14th Annual Economic Measurement Seminar.
- Report
Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.
- Report
If the debt limit remains unchanged, CBO projects that the Treasury will likely run out of cash in early to mid-October—leading to delays of payments for the government’s programs and activities, a default on its debt obligations, or both.