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This slide deck highlights CBO’s key findings about the outlook for the economy as described in its new report, The Budget and Economic Outlook: 2024 to 2034. 
CBO’s Director, Phillip Swagel, discusses the current budget and economic outlook. 
CBO’s Director, Phillip Swagel, briefs members of the press on the current budget and economic outlook. 
In CBO’s projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP. Economic growth slows to 1.5 percent in 2024 and then continues at a moderate pace. 
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues. 
As reported by the Senate Committee on Commerce, Science, and Transportation on December 13, 2023 
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