Presentation by Theresa Gullo, CBO’s Assistant Director for Budget Analysis, and John McClelland, CBO’s Assistant Director for Tax Analysis, at a joint seminar with the Congressional Research Service.
As part of its mandate to provide nonpartisan analyses to the Congress, CBO produces baseline projections for the economy and the federal budget. Those projections are used in CBO’s cost estimates for proposed federal legislation and in CBO’s analytical reports. This presentation describes how CBO produces its baseline projections.
