Congressional Budget Office
CBO describes its projections of the federal budget and the U.S. economy under current law for this year and the decade that follows. In those projections, the federal budget deficit in fiscal year 2025 is $1.9 trillion and grows to $2.7 trillion by 2035 (if adjusted to remove the effects of shifts in the timing of certain payments that ...
10 Things to Know About CBO | Congressional Budget Office
Jan 7, 2025 · CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process. CBO helps the Congress make effective budget and economic policy and offers an alternative to the information provided by the Office of Management and Budget and other agencies ...
Budget and Economic Data | Congressional Budget Office
Projections of output, prices, labor market measures, interest rates, and income. Beginning in January 2020, these files also include projections of potential GDP (the economy’s maximum sustainable output) and its underlying inputs. In May 2020, CBO published selected 2-year and 10-year economic projections.
Budget | Congressional Budget Office
3 days ago · CBO's regular budget publications include semiannual reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget picture, and a biannual set of options for reducing budget deficits.
Organization and Staffing | Congressional Budget Office
The division is also responsible for CBO’s long-term budget projections and collaborates on analyses of the long-term effects of proposed legislation. Biographies and Staff Listings Director of Labor, Income Security, and Long-Term Analysis. Julie Topoleski became CBO’s Director of Labor, Income Security, and Long-Term Analysis in January 2021.
Outlook for the Budget and the Economy - Congressional Budget …
Jun 18, 2024 · CBO also updates its budget projections each spring in conjunction with its analysis of the President's budgetary proposals. By showing outcomes if current laws generally remained in place, the baseline projections provide the Congress with a benchmark against which to measure the effects of proposed changes in spending and tax laws.
Reports - Congressional Budget Office
6 days ago · In CBO’s projections, the U.S. population increases from 350 million people in 2025 to 372 million in 2055, and the average age rises. Beginning in 2033, annual deaths exceed annual births, and net immigration accounts for the growth.
The 2023 Long-Term Budget Outlook - Congressional Budget Office
At a Glance Each year, the Congressional Budget Office publishes a report presenting its projections of what the federal budget and the economy would look like over the next 30 years if current laws generally remained unchanged. The long-term budget projections typically follow CBO’s 10-year baseline budget projections and then extend most of the concepts underlying …
Browse Topics - Congressional Budget Office
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The 2021 Long-Term Budget Outlook - Congressional Budget Office
CBO projects the rate to rise thereafter, reaching 2.7 percent in 2051. That projection is 0.3 percentage points below the average real interest rate on 10-year Treasury notes over the 1995–2004 period. CBO’s current projections of real interest rates over the 2021–2050 period are roughly unchanged, on average, from last year’s projections.