Economists at CBO regularly assess the state of the economy and prepare the economic projections that underlie CBO’s projections for the federal budget and cost estimates for proposed legislation. CBO’s analysts also study major aspects of the economy, such as trends in productivity and the condition of labor markets, and they examine the economic impact of major changes in federal spending programs and the federal tax system.
Aug 2014 - 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.
Jul 2014 - The President’s policies would make U.S. output larger over the next decade than it would be under current law—mostly by changing immigration laws. Such economic effects would feed back into the budget in ways that would reduce deficits.
Jul 2014 - 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.
Feb 2014 - Under current law, deficits will drop through 2015 but rise thereafter, boosting the already high federal debt, CBO projects. Economic growth will be solid in the near term, but unemployment will not drop below 6.0 percent until 2017.
Feb 2014 - Since the recession ended in June 2009, employment has risen sluggishly and the unemployment rate has fallen only partway back to its prerecession level. This CBO report discusses the reasons for the slow recovery of the labor market.
Dec 2013 - Federal debt is projected to rise significantly over the long term. What policy changes could reduce future deficits and thus lower the trajectory of federal debt? What criteria might be used to evaluate those policy changes?
The Economic Impact of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act
Jun 2013 - S. 744 would boost economic output—CBO projects—by 3.3 percent in 2023 and by 5.4 percent in 2033. Employment, investment, and productivity would increase, but average wages would be less than under current law until 2025.
Nov 2012 - During the three years following the recession in 2008 and 2009, the economy’s output grew at less than half the rate seen, on average, during other economic recoveries in the United States since the end of World War II.
- Blog PostSeptember 2, 2014
- ReportAugust 28, 2014
- Blog PostAugust 28, 2014
- GraphicAugust 28, 2014
- Blog PostAugust 27, 2014
- PresentationAugust 27, 2014
- Data or Technical InformationAugust 27, 2014
- ReportAugust 27, 2014
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