Outlook for the Budget and the Economy
- Blog Post
CBO Releases Updated Report on the Debt Limit
If the debt limit remains unchanged, CBO projects, the Treasury’s cash balance will be entirely depleted sometime in the first half of November, at which time the government would be unable to fully pay its obligations.
- Blog Post
Presentation on CBO’s Long-Term Budget Outlook
Director Keith Hall spoke to the Center for Strategic Tax Reform, highlighting the key points of CBO’s latest long-term budget projections.
- Blog Post
CBO Testifies on the Long-Term Budget Outlook
Director Keith Hall testified before the Senate Budget Committee on CBO's latest long-term projections for the budget.
- Blog Post
CBO To Release Updated Baseline Projections Friday and Analysis of the President’s FY 2016 Budget Next Week
On Friday, March 6, CBO will release its updated 10-year baseline projections of federal spending, revenues, and budget deficits reflecting new information obtained since the January release of 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.
- 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?
- Blog Post
Slack in the Labor Market in 2014
Conditions in the labor market have improved notably in recent quarters, but a significant amount of slack in the economy remains. CBO projects that ongoing gains in employment over the next few years will largely eliminate that slack.
- Blog Post
CBO Expects Economic Growth to Pick Up in the Next Few Years
CBO anticipates that the economy will grow slowly this year and then at a faster but still moderate pace over the next few years, driven largely by stronger growth in business investment, consumer spending, and residential investment.
- Blog Post
Remarks on CBO’s Updated Budget and Economic Projections
Director Doug Elmendorf spoke to the press about CBO's latest budget and economic projections. His remarks and slides are included in this blog post.