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- Report
Under current law, on December 9, federal debt will be at the statutory limit and the Treasury will need to use “extraordinary measures” to continue to raise cash. Those measures would probably be exhausted in late March or early April.
- Report
In the baseline projections CBO has issued each spring, projected outlays have generally been close to actual amounts, although they have been too high, on average—a consequence of the agency’s economic forecasts and other factors.
- Cost Estimate
Letter to the Honorable Ron Wyden
- Presentation
Presentation by Keith Hall, CBO Director, to the Council for Affordable Health Coverage and the American Action Forum.
- Report
CBO’s economic forecasts have been comparable in quality to those of the Administration and the Blue Chip consensus. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters.
- Report
Under budgetary paths (not particular policies) specified by Senator Enzi, deficits would be smaller than projected in CBO’s baseline. Such deficit reductions would lower economic output in the next few years but raise it thereafter.
- Working Paper
Private-sector forecasters consistently missed the decline in long-term interest rates over the past three decades. Forecasts based on the Treasury yield curve would not have done a better job anticipating the decline in long-term rates.
- Report
Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
- Report
How much do companies benefit from corporate inversions? In this report, CBO analyzes the reasons for and effects of inversions. CBO also projects how inversions and certain other strategies will affect future U.S. corporate tax revenues.
- Presentation
Presentation by Sam Papenfuss, Deputy Assistant Director for CBO’s Budget Analysis Division, at the National Association of State Auditors, Comptrollers and Treasurers annual conference.