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- Report
Under current law, CBO estimates the deficit will total 2.7 percent of GDP in 2015, drop to roughly 2.4 percent for the following three years, and then begin to rise. By 2025, debt held by the public is projected to reach 77 percent of GDP.
- Report
Under current law, as of March 16, the Treasury will be at the statutory borrowing limit and will need to use so-called extraordinary measures to continue raising cash. Those measures would probably be exhausted by October or November.
- Report
CBO’s forecasts generally have been comparable in quality to those of the Administration and the Blue Chip consensus, with large errors by CBO tending to reflect difficulties shared by other forecasters.
- Report
For the latter half of its 10-year projection period, CBO projects that actual output will grow at the same rate as potential output but fall short of potential output by about half a percent, on average—matching its long-term average gap.
- Report
CBO Director Doug Elmendorf presents testimony about CBO’s latest report on the budget and economic outlook before the Committee on the Budget, United States Senate.
- Presentation
Director Douglas W. Elmendorf's Press Briefing on The Budget and Economic Outlook
- Report
CBO Director Doug Elmendorf presents testimony about CBO’s latest report on the budget and economic outlook before the Committee on the Budget, U.S. House of Representatives.
- Report
Under current law, the deficit is projected to hold steady as a percentage of GDP through 2018, but rise thereafter, raising the already high federal debt. The rate of economic growth is projected to be solid in 2015 and the next few years.
- Blog Post
This afternoon we released our annual report on the outlook for the budget and the economy. In a briefing for the press, I delivered the following summary of our analysis, with accompanying slides shown below).
- Presentation
This slide deck provides a quick overview of CBO's economic forecast published in January 2015. For more details about that forecast as well as the agency’s budget projections published at the same time, see The Budget and Economic Outlook: 2015 to 2025.