National

Congressional Budget Office Testimony on the Budget and Economic Outlook: 2015 to 2025

Washington, DC–(ENEWSPF)–January 27, 2015. This statement summarizes CBO’s new baseline budget projections and economic forecast, which cover the period from 2015 to 2025. Those estimates were released in the report titled The Budget and Economic Outlook: 2015 to 2025.

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The federal budget deficit, which has fallen sharply during the past few years, is projected to hold steady relative to the size of the economy through 2018. Beyond that point, however, the gap between spending…

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