Outlook for the Budget and the Economy
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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.
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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.
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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.
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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.
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CBO's Projections of Federal Receipts and Expenditures in the National Income and Product Accounts
How do CBO's projections of federal receipts and expenditures in the national income and product accounts compare with CBO's baseline projections of revenues and outlays in the federal budget?
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An Update to the Budget and Economic Outlook: 2014 to 2024
The deficit this year will be $506 billion, CBO estimates, about $170 billion lower than the deficit in 2013. After a weak first half of this year, CBO expects economic growth to pick up and the unemployment rate to continue to fall.
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Testimony on The 2014 Long-Term Budget Outlook
Testimony before the Committee on the Budget, U.S. House of Representatives.
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The 2014 Long-Term Budget Outlook
If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2039 and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
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Answers to Questions for the Record Following a Hearing on the Budget and Economic Outlook for 2014 to 2024 Conducted by the House Committee on the Budget
In February, the House Budget Committee convened a hearing at which CBO testified about the budget and economic outlook. Some members of the committee submitted further questions for the record, and this document provides CBO's answers.
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Answers to Questions for the Record Following a Hearing on the Budget and Economic Outlook for 2014 to 2024 Conducted by the Senate Committee on the Budget
In February, the Senate Budget Committee convened a hearing at which CBO testified about the budget and economic outlook. Some members of the committee submitted further questions for the record, and this document provides CBO's answers.