ReportJune 16, 2016
CBO describes the procedures it uses to develop a market-based estimate of the cost of new U.S. commitments to the International Monetary Fund that reflects the small risk that the IMF could incur large losses.
ReportJanuary 25, 2016
CBO estimates that the federal budget deficit in 2016 will be $544 billion, raising debt held by the public to 76 percent of GDP. Solid short-term growth in the economy is projected to be followed by slower growth in subsequent years.
ReportJune 16, 2015
If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2040 and continue on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output in 2014February 20, 2015
In calendar year 2014, ARRA—which was enacted in 2009—raised real GDP by between a small fraction of a percent and 0.2 percent and increased the number of full-time-equivalent jobs by between a slight amount and 0.2 million, CBO estimates.
ReportFebruary 4, 2014
Since the recession ended in June 2009, employment has risen sluggishly and the unemployment rate has fallen only partway back to its prerecession level. This CBO report discusses the reasons for the slow recovery of the labor market.
The Economic Impact of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization ActJune 18, 2013
S. 744 would boost economic output—CBO projects—by 3.3 percent in 2023 and by 5.4 percent in 2033. Employment, investment, and productivity would increase, but average wages would be less than under current law until 2025.
ReportNovember 14, 2012
During the three years following the recession in 2008 and 2009, the economy’s output grew at less than half the rate seen, on average, during other economic recoveries in the United States since the end of World War II.