Director Doug Elmendorf spoke to the press about CBO's latest budget and economic projections. His remarks and slides are included in this blog post.
Director Douglas W. Elmendorf's Press Briefing Slides on CBO's report An Update to the Budget and Economic Outlook: 2014 to 2024
Key Inputs in Projecting Potential GDP
August 2014 Baseline
The deficit this year will be $506 billion, CBO estimates, about $170 billion lower than the deficit in 2013. After a weak first half of this year, CBO expects economic growth to pick up and the unemployment rate to continue to fall.
