Congressional Budget Office

An Update to the Budget and Economic Outlook: 2014 to 2024

Press Briefing

Douglas W. Elmendorf Director August 27, 2014

For more details, see www.cbo.gov/publication/45653.

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Total Deficits or Surpluses

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Projected Outlays for Major Budget Categories

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Components of the Total Increase in Outlays in CBO’s Baseline Between 2014 and 2024

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Total Outlays and Revenues

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Federal Debt Held by the Public

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CBO’s Projections of Real GDP

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Unemployment Rate

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Measures of Wages and Salaries Paid to Employees

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GDP and Potential GDP

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Inflation

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Interest Rates on Treasury Securities