Outlook for the Budget and the Economy
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The 2022 Long-Term Budget Outlook
The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
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Answers to Questions for the Record Following a Hearing on The Budget and Economic Outlook: 2022 to 2032
The House Committee on the Budget convened a hearing at which Phillip L. Swagel, CBO's Director, testified. This document provides CBO’s answers to questions submitted for the record.
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Estimates of the Cost of Federal Credit Programs in 2023
CBO estimates the costs of federal credit programs in 2023 in two ways—following procedures prescribed by the Federal Credit Reform Act (FCRA) and using a fair-value approach, which measures the market value of the government’s obligations.
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The Cost of Eight Executive Actions Taken by the Biden Administration
CBO responds to Congressman Jason Smith’s request to provide information about the cost of eight executive actions taken by the Biden Administration and how they are reflected in CBO’s baseline projections.
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Budget and Economic Projections
Presentation by Phillip Swagel, CBO’s Director, at the Committee for Economic Development’s Policy Conference.
- Presentation
The Budget and Economic Outlook: 2022 to 2032
Presentation by Christina Hawley Anthony, Robert Arnold, and Joshua Shakin, CBO Unit Chiefs, at a joint seminar by CBO and the Congressional Research Service.
- Presentation
The Budget Outlook for 2022 to 2032 in 8 Slides
This slide deck highlights some key findings about the budget outlook from CBO’s recent report The Budget and Economic Outlook: 2022 to 2032.
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How Changes in Economic Conditions Might Affect the Federal Budget: 2022 to 2032
To show how variations in economic conditions might affect its budget projections, CBO analyzed how the budget might change if values of four key economic variables differed from those in the agency’s forecast.
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Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2022 to 2032
This workbook allows users to define and analyze alternative economic scenarios by specifying differences in the values of four economic variables from those underlying CBO's May 2022 projections.
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Testimony on the Budget and Economic Outlook: 2022 to 2032
CBO Director Phillip Swagel testifies before the House Budget Committee.