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- Report
To show how variations in economic conditions might affect its budget projections, CBO analyzed how the budget might change if values of four key economic variables differed from those in the agency’s forecast.
- Report
In CBO’s projections, assuming that current laws generally remain unchanged, the federal deficit totals $1.0 trillion in fiscal year 2022 and averages $1.6 trillion per year from 2023 to 2032. Real GDP grows by 3.1 percent this year.
- Presentation
Presentation by Justin Falk and Nadia Karamcheva, analysts in CBO's Labor, Income Security, and Long-Term Analysis Division, to the Association for Public Policy Analysis & Management.
- Working Paper
CBO developed a Markov-switching model to help incorporate asymmetric dynamics into macroeconomic projections and cost estimates that require simulations of the national unemployment rate.
- Presentation
The Build Back Better Act would establish a program whereby the federal government would provide paid family and medical leave for eligible workers. That program would affect workers, employers, and states.
- Presentation
Presentation by Phillip Swagel, CBO’s Director, to the Council for Affordable Health Coverage.
- Blog Post
CBO’s Director, Phillip Swagel, discusses the agency’s budget and economic analysis during the pandemic.
- Presentation
Presentation by Phillip Swagel, CBO’s Director, at Brown University.
- Report
CBO describes how two laws enacted in December 2020 and March 2021 in response to the 2020–2021 coronavirus pandemic will affect federal spending, revenues, and the deficit.
- Report
CBO addresses how household income is affected when inflation exceeds the growth of labor income, who pays higher taxes when inflation rises, and how high and unexpected inflation affects economic growth.