CBO's Role in Budget Resolutions

The Chairman of the House Budget Committee has announced that the committee will be considering a proposed budget resolution soon. 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 2016

Under budgetary paths (not particular policies) specified by Chairman Price, the budget would show a surplus in 2026. In comparison with CBO's extended baseline, economic output would be lower in the next few years but higher after 2020.

    

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