CBO

Government, Business

CBO Trims GDP Forecast for 2020, Lifts 2021 Projection

A woman wearing a mask walks through a San Diego outlet mall on May 26. A woman wearing a mask walks through a San Diego outlet mall on May 26. (Gregory Bull/Associated Press)

The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.

Eric Martin | Bloomberg News
July 2, 2020
Government

CBO Says Highway Account of Highway Trust Fund Solvent Through 2023 Under Budget Request

MoDOT/Flickr

The highway account of the federal Highway Trust Fund would remain solvent until fiscal 2023 under President Obama’s fiscal 2016 budget request, the Congressional Budget Office determined this week.

March 13, 2015
Government, Business, Safety, Technology

CBO Tracks Decline in Infrastructure Investment

Public spending on transportation and water infrastructure has gradually declined from a high of 3% of Gross Domestic Product in 1959 to 2.4% of GDP in 2014, according to a new report from the Congressional Budget Office.

Michele Fuetsch | Staff Reporter
March 4, 2015