Economy
- Presentation
The Budget: Health Care, Energy, and Telecommunications
Presentation by Phillip Swagel, CBO’s Director, to the Republican Members of the House Energy and Commerce Committee.
- Report
The Economic Outlook for 2023 to 2033 in 16 Charts
CBO summarizes in graphic form its projections of what the economy would look like this year and over the next decade if current laws governing federal taxes and spending generally remained in place.
- Presentation
A Presentation on The Budget and Economic Outlook: 2023 to 2033
Presentation by Phillip Swagel, CBO’s Director, to the Committee for Economic Development of the Conference Board.
- Blog Post
Director’s Statement on the Budget and Economic Outlook for 2023 to 2033
CBO Director Phillip Swagel discusses the current budget and economic outlook.
- Report
Federal Debt and the Statutory Limit, February 2023
CBO projects that, if the debt limit is not raised or suspended, the government’s ability to issue additional debt—other than to replace maturing securities—will be exhausted between July and September 2023.
- Presentation
Recent Changes to CBO’s Projections of Remittances From the Federal Reserve
This slide deck provides additional information about CBO’s most recent projections of remittances from the Federal Reserve, which have decreased largely because of higher projected short-term interest rates in 2023 and 2024.
- Presentation
The Budget and Economic Outlook for 2023 to 2033 in 9 Slides
CBO Director Phillip Swagel briefs members of the press on the current budget and economic outlook.
- Report
The Budget and Economic Outlook: 2023 to 2033
In CBO’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Real GDP growth comes to a halt in 2023 and then rebounds, averaging 2.4 percent from 2024 to 2027.
- Blog Post
CBO to Release Updated Budget and Economic Projections on February 15
CBO will release "The Budget and Economic Outlook: 2023 to 2033" and "Federal Debt and the Statutory Limit, February 2023," at 2 p.m. EST on February 15.
- Presentation
Assessing the Budgetary Implications of Economic Uncertainty With CBO’s Incomes Model and Budgetary Feedback Model
This slide deck outlines the models CBO uses to assess the budgetary effects of alternative economic scenarios such as those presented in CBO’s Current View of the Economy in 2023 and 2024 and the Budgetary Implications (November 2022).