Budget and Economic Outlook: An Update

Pub. no. 3172. September 2008. Edited by Christine Bogusz, et al. Reports on the state of the United States economy and the Federal budget.

The Congressional Budget Office (CBO) estimates that the deficit for 2008 will be substantially higher than it was in 2007, rising from $161 billion last year to $407 billion this year. Furthermore, CBO’s projections indicate that if current laws and policies remain in place, deficits for the next two years will remain above $400 billion, or about 3 percent of gross domestic product (GDP). Over the longer term, the fiscal outlook continues to depend mostly on the future course of health care costs as well as on the effects of a growing elderly population.

NOTE: NO FURTHER DISCOUNTS FOR ALREADY REDUCED SALE ITEMS.

Policymakers, members of government, governmental agencies, and businesses will all want information on the Federal Budget since this data can affect future policy decisions and business and market trends. In addition, members of the general public who want to be informed about, and understand, the Federal Budget will enjoy this publication.