Outlook for the Budget and the Economy
- Report
Federal Debt and the Statutory Limit, May 2023
CBO projects that if the debt limit remains unchanged, there is a significant risk that at some point in the first two weeks of June, the government will no longer be able to pay all of its obligations.
- Report
How Changes in Economic Conditions Might Affect the Federal Budget: 2023 to 2033
To show how variations in economic conditions might affect its budget projections, CBO analyzed how revenues, outlays, and deficits might change if the values of key economic variables differed from those in the agency’s forecast.
- Report
An Evaluation of CBO’s Projections of Outlays From 1984 to 2021
In this report, CBO uses various measures to assess the quality of its past projections of federal outlays. The analysis focuses on three fiscal years within each projection period: the budget year, the 6th year, and the 11th year.
- Report
CBO Explains How It Develops the Budget Baseline
The Congressional Budget Act of 1974 requires CBO to produce an annual report on federal spending, revenues, and deficits or surpluses. This document provides answers to questions about how CBO prepares those baseline budget projections.
- Presentation
U.S. Macroeconomic & Fiscal Outlook
Presentation by Phillip Swagel, CBO’s Director, at the Annual Economic Policy Conference of the National Association for Business Economics.
- Blog Post
Presentations
CBO Director Phillip Swagel discusses his recent and upcoming presentations on CBO’s latest budget and economic projections.
- Interactive
Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2023 to 2033
This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables relative to the values underlying CBO's February 2023 projections.
- Presentation
The Economy and the Budget
Presentation by Phillip Swagel, CBO’s Director, to the Prosperity Caucus.
- Presentation
The Budget, the Economy, and the Budgetary Effects of Legislative Changes
A briefing by Phillip Swagel, CBO’s Director, for the U.S. House of Representatives.
- Presentation
The Budget: Health Care, Energy, and Telecommunications
Presentation by Phillip Swagel, CBO’s Director, to the Republican Members of the House Energy and Commerce Committee.