To show how economic conditions affect its budget projections, CBO analyzed how revenues, outlays, and deficits might change if the values of key economic variables differed from those in the agency's forecast. To do so, CBO generated four economic scenarios that would result in larger budget deficits. In isolation, each of those scenarios would cause the cumulative deficit for the 2027–2036 ...
CBO's recurring publications include regular reports on the budget and economic outlook, annual reports on the President's budget and the long-term budget outlook, and, every two years, a set of options for reducing budget deficits.
CBO regularly publishes data to accompany some of its key reports. These data have been published in the Budget and Economic Outlook and Updates and in their associated supplemental material, except for that from the Long-Term Budget Outlook.
CBO regularly publishes projections of what the federal budget and the economy would look like in the current fiscal year and over the next 10 years if current laws governing revenues and spending generally remained unchanged. They are known as the agency's baseline projections.
CBO Director Phillip Swagel testifies about the agency's most recent analysis of the outlook for the budget and the economy before the Senate Finance Subcommittee on Fiscal Responsibility and Economic Growth.
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CBO was established by the Congressional Budget Act of 1974 (the Budget Act) to provide objective, nonpartisan information to support the Congressional budget process and to help Congress make effective budget and economic policy.
Eric J. Labs, CBO's Senior Analyst for Naval Forces and Weapons, testifies at a joint hearing before the House Subcommittees on Seapower and Projection Forces and on Coast Guard and Maritime Transportation.