President's Budget

Each year, CBO estimates the effects of the President’s budgetary proposals using the agency’s economic projections and estimating approaches—which also underlie CBO’s Budget and Economic Outlook and cost estimates for proposed legislation. As a result, the Congress has a consistent basis for comparing the President’s proposals to Congressional proposals. CBO also estimates how the President’s budget would affect the economy and how, in turn, that economic impact would affect the federal budget.

  • Report August 21, 2015

    The President’s policies would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. Such economic effects would feed back into the budget in ways that would reduce deficits.

  • Report March 12, 2015

    CBO projects the President’s budget would result in deficits totaling $6.0 trillion between 2016 and 2025, $1.2 trillion less than under CBO’s current-law baseline. By 2025, debt would total about $1 trillion less than in CBO’s baseline.