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- Report
CBO projects that, under current law, debt held by the public will exceed $16 trillion by 2020, reaching nearly 70 percent of GDP. CBO also projects that interest rates will go up.
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This issue brief analyzes the economic effects of waiting 10 years--from 2015 to 2025--to implement policies that would stabilize the ratio of debt to output.
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Testimony before the Committee on Finance, United States Senate
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Congress created the Troubled Asset Relief Program (TARP) in 2008 to stabilize financial markets.
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In August, CBO reported its latest baseline projections of federal revenues and outlays in the standard structure for budget accounting. This report presents those projections in the NIPA framework.
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This testimony reviews CBO's recent analyses of the economic outlook and the potential impact on the economy of various fiscal policy options.
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CBO estimates that the federal budget deficit for 2010 will exceed $1.3 trillion—$71 billion below last year's total and $27 billion lower than the amount that CBO projected in March 2010, when it issued its previous estimate.
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Economic and Budget Issue Brief
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Economic and Budget Issue Brief
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CBO regularly evaluates the accuracy of its economic forecasts by comparing them with the economy's actual performance and with others' forecasts.