Economy
- Blog Post
Presentations on CBO’s New Projections
CBO's Director, Phillip Swagel, discusses his most recent and upcoming presentations about the projections in CBO’s report, "The Budget and Economic Outlook: 2024 to 2034."
- Report
Testimony on The Budget and Economic Outlook: 2024 to 2034
CBO’s Director, Phillip Swagel, testifies before the House Budget Committee.
- Working Paper
How CBO Projects Inflation
This paper describes how CBO projects consumer price inflation.
- Blog Post
Director’s Statement on the Budget and Economic Outlook for 2024 to 2034
CBO’s Director, Phillip Swagel, discusses the current budget and economic outlook.
- Presentation
The Budget and Economic Outlook for 2024 to 2034: Press Briefing Slides
CBO’s Director, Phillip Swagel, briefs members of the press on the current budget and economic outlook.
- Report
The Budget and Economic Outlook: 2024 to 2034
In CBO’s projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP. Economic growth slows to 1.5 percent in 2024 and then continues at a moderate pace.
- Presentation
The Economic Outlook for 2024 to 2034 in 19 Slides
This slide deck highlights CBO’s key findings about the outlook for the economy as described in its new report, The Budget and Economic Outlook: 2024 to 2034.
- Report
Testimony on the Accuracy of CBO’s Recent Baseline Projections
CBO Director Phillip Swagel testifies before the House Committee on the Budget.
- Report
Effects of No GDP Growth on Federal Deficits
CBO was asked what the effects on federal deficits would be if the economy was stagnant over two years. The agency created two scenarios with no growth of gross domestic product adjusted to remove the effects of inflation.
- Interactive
How Increasing the Federal Minimum Wage Could Affect Employment and Family Income
This interactive tool, updated in January 30, 2024, allows users to explore how various policies to increase the federal minimum wage would affect earnings, employment, family income, and poverty.