CBO's Role in Budget Resolutions

The Chairmen of the House and Senate Budget Committees have announced that the committees will be developing and voting on proposed budget resolutions this week. What are budget resolutions, and what is CBO’s role in this process?

    

Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Price, March 2015

Under budgetary paths, but not particular policies, specified by Chairman Price, total deficits and debt would be smaller than under CBO’s extended baseline. Economic output would be lower in the next few years but higher thereafter.

    

 


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