Preliminary estimate based on the "Description of the Chairman's Mark" posted on July 23, 2019, and modifications discussed with staff. Subject to revision based on review of legislative language.

    

Federal receipts and expenditures in the national income and product accounts (NIPAs) differ in certain ways from revenues and outlays as shown in the federal budget. This report presents CBO’s May 2019 baseline projections using the NIPA framework.

    

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 10, 2019

    

As ordered reported by the Senate Committee on Energy and Natural Resources on July 16, 2019

    

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 10, 2019

    

As provided to CBO on July 23, 2019 (G:\M\16\SUSPENSION\H3409_SUS.XML, July 23, 2019, 11:40 a.m.)

    

On Monday, July 29, CBO Director Phill Swagel will speak to the Aspen Economic Strategy Group about the long-term fiscal challenges facing the nation. This blog post is provided to the members of the audience as background for those remarks.

    

Presentation by Phillip Swagel, CBO Director, to the Aspen Economic Strategy Group.