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Presentation
November 4, 2016
Presentation by Keith Hall, CBO Director, to the American Academy of Actuaries.
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Report
September 9, 2016
Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s baseline projections using the NIPA framework.
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Blog Post
September 8, 2016
CBO compares its economic forecast, as presented in An Update to the Budget and Economic Outlook: 2016 to 2026, with historical experience and discusses why economic growth in coming years is projected to diverge from historical trends.
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Blog Post
September 7, 2016
CBO discusses several uncertainties in the outlook for the U.S. economy, as described in An Update to the Budget and Economic Outlook: 2016 to 2026.
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Report
August 23, 2016
The deficit under current law is projected to be larger this year, but smaller over the 2017–2026 period, than CBO projected in March. Since January, CBO has reduced its projections of GDP growth and interest rates over the coming decade.
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Blog Post
August 2, 2016
CBO published its 2016 Long-Term Budget Outlook in July, describing the agency’s projections of federal spending and revenues over the next 30 years. This blog post focuses on the projected growth of net interest costs.
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Presentation
July 29, 2016
This slide deck provides a quick overview of CBO’s report, The 2016 Long-Term Budget Outlook.
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Presentation
July 19, 2016
Presentation by Robert Shackleton, an analyst in CBO’s Macroeconomic Analysis Division, at the NABE Foundation's 13th Annual Economic Measurement Seminar.
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Graphic
July 15, 2016
This infographic provides an overview of CBO’s report, The 2016 Long-Term Budget Outlook. Gain quick insight into why CBO projects a substantial imbalance in the federal budget beyond the next 10 years.
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Report
July 12, 2016
If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
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Presentation
June 29, 2016
Presentation by Keith Hall, CBO Director, at the Forecasters Club of New York.
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Presentation
May 11, 2016
Presentation by Keith Hall, CBO Director, at the Peter G. Peterson Foundation’s 2016 Fiscal Summit.
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Presentation
April 28, 2016
On April 26, 2016, CBO Director Keith Hall discussed CBO’s role in the Congressional budget process and its recent economic and budget projections with members of American University’s Department of Economics.
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Report
March 24, 2016
CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015. If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.
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Presentation
February 23, 2016
Presentation by Keith Hall, CBO Director, at the Robert H. Smith School of Business, University of Maryland.
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Report
February 4, 2016
CBO Director Keith Hall testifies about the Budget and Economic Outlook: 2016 to 2026 before the Committee on the Budget, U.S. House of Representatives.
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Report
February 4, 2016
This presentation of the budget outlook for the coming decade highlights the key findings from CBO’s report The Budget and Economic Outlook: 2016 to 2026, which was released in January.
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Blog Post
February 4, 2016
In an opening statement to the House Budget Committee, CBO Director Keith Hall discussed The Budget and Economic Outlook: 2016 to 2026, which was released in January.
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Blog Post
January 25, 2016
CBO will release its annual Budget and Economic Outlook report at 2 p.m. today on the agency’s website as scheduled.
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Report
January 25, 2016
CBO estimates that the federal budget deficit in 2016 will be $544 billion, raising debt held by the public to 76 percent of GDP. Solid short-term growth in the economy is projected to be followed by slower growth in subsequent years.
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Blog Post
January 19, 2016
CBO will publish a summary of its annual Budget and Economic Outlook report at 11 a.m. today on the agency’s website. The complete report will be released next week on Monday, January 25, at 2 p.m.
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Blog Post
January 8, 2016
CBO will publish a summary of its annual Budget and Economic Outlook report at 11 a.m. on Tuesday, January 19. The brief summary will include updated budget and economic projections spanning the period from 2016 to 2026.
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Graphic
January 6, 2016
The federal deficit in 2015 was $439 billion, equal to 2.5 percent of gross domestic product.
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Graphic
January 6, 2016
Revenues received by the federal government in 2015 totaled $3.2 trillion, of which $1.5 trillion was receipts of individual income taxes.
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Blog Post
January 6, 2016
View CBO’s budget infographics to see how much the federal government spent and took in during fiscal year 2015, as well as broader trends in the budget over the past few decades.
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Graphic
January 6, 2016
Mandatory spending by the federal government totaled $2.3 trillion in 2015, of which $1.0 trillion was for major health care programs.
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Graphic
January 6, 2016
Discretionary spending by the federal government totaled $1.2 trillion in 2015—about half for national defense and half for nondefense activities.
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Working Paper
November 19, 2015
Federal receipts and certain federal outlays regularly respond to cyclical movements in the economy. CBO released a working paper on how it estimates the size of those automatic stabilizers, for both past years and future years.
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Report
November 10, 2015
CBO’s revenue projections since 1982 have, on average, been a bit too high—more so for projections spanning six years than for those spanning two—but their overall accuracy has been similar to that of the projections of other agencies.
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Blog Post
November 5, 2015
CBO Director Keith Hall spoke to the Board of Trustees for the Manufacturers Alliance for Productivity and Innovation about CBO’s latest long-term projections.