The Federal Budget Outlook: No News Is Bad News (Updated)

Research Report

The Federal Budget Outlook: No News Is Bad News (Updated)

Abstract

We present new estimates of the budget outlook, incorporating the latest projections by the Congressional Budget Office. Although the official budget figures have improved relative to a year ago (primarily as a result of last summer's debt-limit deal and lower interest rate projections), realistic budget projections show that the medium-term outlook remains troublesome and the long-term outlook remains unsustainable.

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