CBO's June 2024 Budget and Economic Outlook

An Update to the Budget and Economic Outlook: 2024 to 2034

In CBO's projections, the deficit totals nearly $2 trillion this year. Large deficits push federal debt held by the public to 122 percent of GDP in 2034.

An Update to the Budget and Economic Outlook: 2024 to 2034

In CBO's projections, inflation as measured by the price index for personal consumption expenditures (PCE) falls from 2.7 percent in 2024 to a ...

CBO's June 2024 Budget and Economic Outlook

This report updates the February 2024 baseline to include recent legislation and executive actions as well as changes to various economic and technical factors.

CBO's June 2024 Budget and Economic Outlook

The economy will stabilize, while long-term interest rates remain elevated. CBO projects 1.8 percent average annual real GDP growth, 2.1 percent ...

June 2024 CBO Budget and Economic Outlook

The CBO updated its ten-year budget and economic outlook for 2024 to 2034 this week, projecting record levels of deficits and national debt over the next ...

Highlights of CBO's June Update to the Budget and Economic ...

CBO estimates that total federal spending will rise from 23.9 percent of GDP ($6.8 trillion) in FY 2024 to 24.9 percent of GDP ($10.3 trillion) ...

CBO June 2024 Baseline Sounds the Alarm - EPIC for America

The Congressional Budget Office (CBO) released its newest baseline budget projections on June 18, 2024. The Update to the Budget and Economic ...

Congressional Budget Office Updates Baseline: Deficit Spending is ...

Spending totals $84.9 trillion over ten years, and grows from $6.8 trillion(23.9 percent of GDP) in 2024 to $10.3 trillion(24.9 percent of GDP) ...

An Update to the Budget and Economic Outlook: 2024 to 2034

My statement summarizes CBO's new baseline budget projections and economic forecast, which the agency released on June 18. Projections for 2024. Budget deficit:.

Boyle Statement on June 2024 CBO Baseline

... Budget Office's (CBO) updated June 2024 Budget and Economic Outlook . Compared to CBO's previous forecast, the report showed that CBO expects ...

Visualizing CBO's Budget and Economic Outlook

Our nation's fiscal trajectory is unsustainable, a reality underscored by the Congressional Budget Office's (CBO) February 2024 report on ...

Major Takeaways from CBO's Updated Long-Term Outlook

The CBO reduced its projections of the cumulative deficit from 2024-2033 relative to the same period in its last estimate as of May 2023, from ...

CBO Answers More Questions on Updated Budget Outlook | Tax Notes

On July 9, 2024, the Senate Committee on the Budget convened a hearing at which Phillip L. Swagel, the Congressional Budget Office's Director, ...

CBO Releases Updated Budget and Economic Outlook: 2024 to 2034

2024 deficit: Projected at $1.9 trillion, or $2.0 trillion (7.0% of GDP) when adjusted for timing shifts. · 2034 deficit: Expected to reach $2.8 trillion (6.9% ...

CBO Releases June 2024 Baseline Update - Edward Conard

Interest spending is a particularly large driver of growing spending and deficits. Interest costs are projected to more than double from $345B in FY 2020 to ...

Examining CBO's Updated 2024-2034 Budget and Economic Outlook

Date: Tuesday, July 9, 2024 Time: 10:00 AM Location: ; Date: Tuesday, July 9, 2024 Time: 10:00 AM Location: ; July 9, 2024 Time: 10:00 AM Location: SD-608.

Tax News & Views - Deloitte

CBO's An Update to the Budget and Economic Outlook: 2024 to 2034, released June 18, anticipates that the budget deficit for fiscal year 2024 ...

Farm Bill Primer: Budget Dynamics - CRS Reports

In June 2024, CBO released a new baseline that updates spending projections. It is the latest scoring baseline for the. 118th Congress, though ...

Fiscal 2024 Deficit Was $1.8 Trillion, CBO Says | Tax Notes

In fiscal year 2024, which ended on September 30, the federal budget deficit totaled $1.8 trillion — an increase of $138 billion (or 8 percent) ...

CED Issues Statement on June 2024 Congressional Budget Office ...

The Congressional Budget Office (CBO)'s latest Update to the Budget and Economic Outlook for 2024 to 2034 serves as an urgent and necessary ...