Outlook for the Budget and the Economy
- Report
The Budget and Economic Outlook: 2015 to 2025
Under current law, the deficit is projected to hold steady as a percentage of GDP through 2018, but rise thereafter, raising the already high federal debt. The rate of economic growth is projected to be solid in 2015 and the next few years.
- Presentation
The Economic Outlook for 2015 to 2025 in 17 Slides
This slide deck provides a quick overview of CBO's economic forecast published in January 2015. For more details about that forecast as well as the agency’s budget projections published at the same time, see The Budget and Economic Outlook: 2015 to 2025.
- Blog Post
Communicating the Uncertainty of CBO's Estimates
At a conference organized by the Brookings Institution, Director Doug Elmendorf discussed the ways in which CBO quantifies uncertainty and why most of the agency’s estimates are presented as point values.
- Presentation
Communicating Uncertainty in Budgetary and Economic Estimates
Presentation by Doug Elmendorf, CBO Director, at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
- Report
Characteristics of the Long-Term Unemployed in March 2007 and March 2014
This document compares the characteristics of the long-term unemployed in March 2007 and March 2014, supplementing and updating information provided in CBO’s Understanding and Responding to Persistently High Unemployment.
- Report
Answers to Questions for the Record Following a Hearing on the 2014 Long-Term Budget Outlook Conducted by the House Committee on the Budget
In July, the House Budget Committee convened a hearing at which CBO's Director testified about the long-term budget outlook. Some Members of the Committee submitted further questions for the record, and this document provides CBO’s answers.
- Report
Budgetary Estimates for the Single-Family Mortgage Guarantee Program of the Federal Housing Administration
Loan guarantees made in the FHA's single-family mortgage program between 1992 and 2013 are now projected to generate small costs over their lifetimes rather than the significant savings that were originally recorded in the federal budget.
- Presentation
Shifting Priorities in the Federal Budget
Presentation by Doug Elmendorf, CBO Director, at Cornell University
- Presentation
CBO’s Updated Budget Outlook
Presentation by Doug Elmendorf, CBO Director, at the Macroeconomic Advisers’ 24th Annual Washington Policy Seminar
- Blog Post
CBO’s Projection of Federal Interest Payments
CBO projects that interest payments on the federal debt will more than triple under current law over the next decade. What accounts for that large increase?