Economy
- Presentation
An Overview of The 2018 Budget and Economic Outlook
Presentation by John McClelland, CBO’s Assistant Director for Tax Analysis, at the International Tax Policy Forum.
- Podcast
Budget 101
CBO’s podcast series looks at the agency’s inner workings and its role in the legislative budget process. This episode discusses the components of the budget, how CBO assists the two budget committees, and CBO’s current budget projections.
- Report
Reducing Primary Deficits Beginning in 2022
CBO provides additional information to Congressman Jodey Arrington regarding the effects of two illustrative scenarios in which the primary deficit is reduced in relation to CBO’s extended baseline beginning in 2022.
- Cost Estimate
H.R. 6316, Small Business Advocacy Improvements Act of 2018
As ordered reported by the House Committee on Small Business on July 18, 2018
- Cost Estimate
H.R. 6377, Save Community Newspaper Act of 2018
As ordered reported by the House Committee on Ways and Means on July 18, 2018
- Working Paper
Fiscal Substitution of Investment for Highway Infrastructure: Working Paper 2018-08
The federal government provides grants to state and local governments for their transportation infrastructure. State and local governments use some of those funds to replace funds that they would have provided for such investment.
- Blog Post
Director’s Statement on An Update to the Economic Outlook: 2018 to 2028
Today, CBO released An Update to the Economic Outlook: 2018 to 2028. The report presents the agency’s latest economic forecast, which includes projections of real (inflation-adjusted) gross domestic product (GDP) and other factors.
- Report
An Update to the Economic Outlook: 2018 to 2028
In CBO’s updated projections, real gross domestic product (GDP) grows by 3.1 percent in 2018 and by 2.4 percent in 2019 before slowing in the following years.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for Fiscal Policy
Expanding on its earlier long-term baseline projections, CBO shows how the federal budget and the economy would evolve under three scenarios in which laws would be changed to continue certain policies now in place, leading to higher debt.
- Blog Post
CBO to Release Updated Economic Outlook on August 13
The report will include updates to CBO’s economic projections for the period from 2018 to 2028, but not updates to its baseline budget projections.