Budget and Economic Outlook
Congressional Budget Office (CBO) Director Phillip Swagel testified before the House Budget Committee about his agency’s recent report on… 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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Points of Interest
For quick viewing, C-SPAN provides Points of Interest markers for some events.
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CBO Budget Director Warns Congress About Rising Federal Deficit
CBO Director Phillip Swagel says the federal debt will rise to $31.4 trillion by the end of 2030. "The federal budget…
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