This afternoon I briefed the press about The Budget and Economic Outlook: 2018 to 2028, which CBO published today. I delivered the following summary of our analysis, with an accompanying slide deck.

    

Director Keith Hall briefs members of the press on The Budget and Economic Outlook: 2018 to 2028.

    

In CBO’s projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028.