As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 6, 2019

    

As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 6, 2019

    

As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 6, 2019

    

As ordered reported by the Senate Committee on Commerce, Science, and Transportation on November 13, 2019

    

In June 2019, CBO updated its long-term budget projections, including projections of the Social Security system’s finances. CBO compares those projections with its 2018 projections and with the Social Security trustees’ latest projections.

    

In its 2018 projections for fiscal year 2019, CBO overestimated revenues and underestimated outlays by 0.8 percent and 0.1 percent, respectively. CBO’s projection of the federal budget deficit in 2019 was less than the actual amount by 0.1 percent of GDP.

    

Presentation by Jeff Werling, CBO’s Assistant Director for Macroeconomic Analysis, at the Inforum Annual Conference at the University of Maryland, College Park.