Economy
- Presentation
CBO’s Long-Term Projections of Labor Force Participation Rates
Presentation by Julie Topoleski, the director of CBO’s Labor, Income Security, and Long-Term Analysis Division, at the NBER’s Summer Institute 2023: Economics of Social Security.
- Report
An Update to the Economic Outlook: 2023 to 2025
In CBO’s latest projections, economic growth slows and then picks up over the 2023–2025 period. That initial slowdown in economic growth drives up unemployment. Inflation continues to gradually decline.
- Blog Post
A Call for New Research in the Area of Macroeconomics
To enhance its work for the Congress, CBO is looking for new research that illuminates the factors driving trends in productivity growth and interest rates on Treasury securities, and the effects of fiscal policy on broad economic outcomes.
- Report
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
- Report
The Economic and Budgetary Effects of Discretionary Funding Caps as Specified in the Limit, Save, Grow Act of 2023
CBO has estimated what the economic and budgetary effects would be if the discretionary funding caps enacted in June 2023 had been those required under H.R. 2811, the Limit, Save, Grow Act of 2023.
- Presentation
CBO’s Economic Forecast: Understanding Productivity Growth
Presentation by Aaron Betz, an analyst in CBO’s Macroeconomic Analysis Division, at the NABE Foundation’s 20th Annual Economic Measurement Seminar.
- Report
CBO’s Economic Forecasting Record: 2023 Update
CBO assesses its two-year and five-year economic forecasts and compares them with forecasts of the Administration and the Blue Chip consensus, an average of about 50 private-sector forecasts.
- Report
The 2023 Long-Term Budget Outlook
The U.S. faces a challenging fiscal outlook in the coming years, according to CBO's projections. Measured as a percentage of GDP, large and sustained deficits lead to high and rising federal debt that exceeds any previously recorded level.
- Report
CBO’s Work Related to Climate Change and Health Care Delivery Systems
In response to a request from Chairman Whitehouse, CBO provides information about its efforts to assess risks posed by climate change and to examine the effects that reforms to health care delivery systems have on costs and health outcomes.
- Blog Post
CBO Issues Schedule for Release of Long-Term Budget Projections and Economic Update
CBO will release its long-term budget projections on June 28 and an update to its economic forecast for the next three years on July 31.