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- Blog Post
I’m speaking this afternoon to the Washington Policy Seminar sponsored by the Macroeconomic Advisers forecasting firm. My presentation draws on several reports that CBO has released over the course of this year and emphasizes these points:
- Presentation
CBO Director Doug Elmendorf's presentation to Macroeconomic Advisers
- Data and Technical Information
- Working Paper
This paper provides an analytical framework for evaluating the effects of individual health insurance mandates on coverage.
- Blog Post
CBO estimates, in its annual summer update of the budget and economic outlook, 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. Relative to the size of the economy, this year’s deficit is expected to be the second largest shortfall in the past 65 years: At 9.1 percent of gross domestic product (GDP), it is exceeded only by last year’s deficit of 9.9 percent of GDP.
- Report
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.
- Report
Economic and Budget Issue Brief
- Data and Technical Information
Details of CBO's Year-by-Year Forecast and Projections for Calendar Years 2010 to 2020 - August 2010
These spreadsheets reflect CBO's estimates, assumptions, and projections at the time the associated publication was released; that is, the spreadsheets are not continuously updated.
- Blog Post
CBO notes that there is no identifiable "tipping point" of debt relative to the nation’s output that would indicate that a fiscal crisis is likely or imminent. However, the ratio of federal debt to GDP is climbing into unfamiliar territory.
- Report
Economic and Budget Issue Brief