Budget and Economic Outlook
2020-01-29T10:01:23-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvODRkXC8yMDIwMDEyOTEwMTE0MTAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Congressional Budget Office (CBO) Director Phillip Swagel testified before the House Budget Committee about his agency’s recent report on the budget and economic outlook for fiscal years 2020 to 2030. Director Swagel outlined the findings of the CBO report, which projected the deficit for 2020 to equal $1 trillion and average $1.3 trillion per year over the 2021 to 2030 period. The report also projected real gross domestic product (GDP) to grow by 2.2 percent in 2020 and moderating later in the decade.
Congressional Budget Office (CBO) Director Phillip Swagel testified before the House Budget Committee about his agency’s recent report on th… read more
Congressional Budget Office (CBO) Director Phillip Swagel testified before the House Budget Committee about his agency’s recent report on the budget and economic outlook for fiscal years 2020 to 2030. Director Swagel outlined the findings of the CBO report, which projected the deficit for 2020 to equal $1 trillion and average $1.3 trillion per year over the 2021 to 2030 period. The report also projected real gross domestic product (GDP) to grow by 2.2 percent in 2020 and moderating later in the decade. close
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