Outlook for the Budget and the Economy
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The Outlook for the Economy and the Budget
I spoke yesterday to the National Economists Club, highlighting some key aspects of our recent Budget and Economic Outlook. As summarized in my slides, I made these points:
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Cost Estimate for H.R. 2, Repealing the Job-Killing Health Care Law Act
This afternoon, CBO issued two letters related to health care legislation:
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The Budget and Economic Outlook: Fiscal Years 2011 Through 2021
The United States faces daunting economic and budgetary challenges. The economy has struggled to recover from the recent recession: The pace of growth in output has been anemic compared with that during most other recoveries and the unemployment rate has remained quite high.
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Federal Debt and Interest Costs
Recently, the federal government has been recording the largest budget deficits, as a share of gross domestic product (GDP), since the end of World War II.
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Trends in Federal Tax Revenues and Rates
Today I testified before the Senate Finance Committee on historical trends in federal tax revenues and rates. My written testimony is a collection of tables and figures with descriptive text (shown below).
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Report on the Troubled Asset Relief Program
Today CBO released the fourth of its statutory reports on transactions undertaken as part of the Troubled Asset Relief Program (TARP)—the program established in October 2008 to enable the Department of the Treasury to promote stability in financial mar
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Presentations to the National Tax Association and Society of Government Economists
Today I spoke to the National Tax Association in Chicago and earlier this week I spoke to the Society of Government Economists in Washington, D.C.
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CBO's Estimates of ARRA's Impact on Employment and Economic Output for the First Quarter of 2011
Iam speaking today to the Forecasters Club in New York. My remarks are the same as those I gave to Town Hall Los Angeles on Friday. You can read a summary in Fridays blog posting or check out the slides.
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The Economic Outlook and Fiscal Policy Choices
I testified this morning to the Senate Budget Committee about the economic outlook and CBO’s analysis of the potential impact on the economy of various fiscal policy options.
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Fiscal Policy Choices in Uncertain Times
I’m speaking this afternoon to the Washington Policy Seminar sponsored by the Macroeconomic Advisers forecasting firm. My presentation draws on several reports that CBO has released over the course of this year and emphasizes these points: