Joint Select Committee Testimony


Putting the federal budget on a sustainable path will require significant changes in spending policies, tax policies, or both. Addressing that formidable challenge is complicated by the weakness of the economy.

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Budget Control Act Enforcement


If legislation originating from the Congressional Joint Select Committee on Deficit Reduction is not enacted by January 15, 2012, spending would automatically be cut starting in fiscal year 2013.

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CBO's Updated Budget and Economic Outlook


CBO projects a $1.3 trillion deficit for 2011, the third-largest shortfall in the past 65 years. Economic recovery is likely to remain sluggish and recent turmoil in financial markets threatens to prolong the slump.

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    Highlighted Issues

    Budget & Economy

    CBO's latest budget projections, economic forecast, long-term budget outlook, statutory reports, and links to historical data.
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    CBO's analyses of policies to reduce unemployment, studies of general labor market issues, and cost estimates for employment-related legislation.
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    Health Care

    CBO's analyses and cost estimates for the 2010 health legislation and other legislation related to Medicare, Medicaid, CHIP, and veterans' and military health care.
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    Director's Blog

    September 29:Some Context for Thinking About Deficit Reduction: Spending for Programs Other Than Social Security and Major Health Care Programsread more >

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