CBO’s new interactive tool allows users to simulate the agency’s process for projecting discretionary budget authority and outlays for different types of spending over the course of 10 years.

    

This afternoon I briefed the press about the Congressional Budget Office’s new report, The Budget and Economic Outlook: 2020 to 2030. It shows deficits that are slightly larger over the next 10 years and notably larger over the next 30 years than those that CBO previously projected.

    

Director Phillip Swagel briefs members of the press on The Budget and Economic Outlook: 2020 to 2030.

    

This presentation highlights some key findings about the economic outlook from CBO’s recent report The Budget and Economic Outlook: 2020 to 2030.

    

This presentation highlights some key findings about the budget outlook from CBO’s recent report The Budget and Economic Outlook: 2020 to 2030.

    

In CBO’s projections of the outlook under current law, deficits remain large by historical standards, federal debt grows to 98 percent of GDP by 2030, and the economy expands at an average annual rate of 1.7 percent from 2021 to 2030.