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- Working Paper
This paper provides evidence that supply disruptions, low economic slack, and the interaction of restrained supply with low slack each amplify the effects of expansionary fiscal policies on inflation.
- Report
Lawmakers created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets. The TARP’s net cost will be $31 billion, CBO estimates—about the same as what the agency last reported in May 2022 and similar to OMB’s latest estimate.
- Report
The Congressional Budget Act of 1974 requires CBO to produce an annual report on federal spending, revenues, and deficits or surpluses. This document provides answers to questions about how CBO prepares those baseline budget projections.
- Working Paper
The U.S. dollar’s status as an international currency has contributed to persistent U.S. trade deficits and, by lowering interest rates, to increased access to credit for U.S. households, businesses, and the federal government.
- Report
Immigration increases total economic output, although not necessarily output per person. It also affects the federal budget through the taxes that foreign-born people pay and the government programs in which they participate.
- Cost Estimate
As ordered reported by the House Committee on Ways and Means on March 9, 2023
- Presentation
Presentation by Phillip Swagel, CBO’s Director, at the Annual Economic Policy Conference of the National Association for Business Economics.
- Blog Post
CBO Director Phillip Swagel discusses his recent and upcoming presentations on CBO’s latest budget and economic projections.
- Interactive
This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO's February 2023 projections.
- Presentation
Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus.