Search
- Report
Under budgetary paths, but not particular policies, specified by Chairman Ryan, total deficits and debt would be smaller than under CBO’s extended baseline. Economic output would be lower in the next few years but higher thereafter.
- Working Paper
This paper reviews CBO’s estimates of the effects of changes in federal deficits on national saving and private domestic investment.
- Report
Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
- Report
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.
- Report
CBO examined three budgetary paths that would increase or reduce budget deficits relative to current law. Through 2023, those paths would result in considerably different trajectories of federal debt and the nation’s output and income.
- Blog Post
Although much of the analysis that CBO undertakes is very technical in nature, the agency works hard to explain the basis for its findings so that Members of Congress, their staff, and outside analysts can understand the results and question the methods used. To that end, CBO just released a report, How the Supply of Labor Responds to Changes in Fiscal Policy, that explains an important aspect of the agency’s analysis.
- Working Paper
Review of Estimates of the Frisch Elasticity of Labor Supply
- Working Paper
A Review of Recent Research on Labor Supply Elasticities
- Report
Over the past few years, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945. Consequently, the amount of federal debt held by the public has surged.
- Report
In its analysis of the President’s proposals excluding any macroeconomic effects, CBO concluded that the federal budget deficit would equal $1.3 trillion in fiscal year 2012 and would decline to about $1.0 trillion in 2013.