The options are derived from many sources and. 1 percent this year. 6 trillion per year from 2023 to 2032. 3 percent of GDP by 2030—more than one-and-a-half times the average over the past 50 years. 4 percent of GDP in 2024. The unemployment rate continues to drift downward, reaching 4. 5 That difference was equal to 0. The description of the legislation and of CBO and JCT’s methodology and results that appeared in the agencies’ previous estimate largely applies to this one as well. On January 19, 2023, that limit was reached, and the Treasury announced a “debt. That estimate is almost twice the Administration’s estimate of $5. After 2007, the rate generally fell, equaling 1. In 2018 and 2019, according to CBO and JCT’s estimates, average premiums for single policyholders in the nongroup market would be 15 percent to 20 percent higher under the legislation than under current law. Reg. The options are derived from many sources and. Vadodara. Servente de obras. Background Each year, the Department of Defense (DoD) presents a budget request to the Congress that is designed to align military forces to the National Security Strategy (NSS) within fiscal constraints. R$ 1. The Center for American Progress has estimated how many Americans would lose coverage by state and congressional district based on the CBO’s projections. 6 trillion, or 21. 6 trillion less than the $15. The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Better Care Reconciliation Act of 2017, a Senate amendment in the nature of a substitute to H. 5 trillion, or 5. CBO 2215-19. CBO projects that the interest rates on 3-month Treasury bills and 10-year Treasury notes will average 2. 5404 would require the Department of Justice (DOJ) to report annually to the Congress on its efforts to combat threats to national security from China,. 0. Debt relative to GDP is projected to be 20 percentage points higher at the end of 2020 and 26 percentage points higher at the end of 2021 than in CBO’s March baseline projections. By the end of 2020, federal debt held by the public is projected to equal 98 percent of GDP. 3 percent of. May 9, 2019. 5404 would require the Department of Justice (DOJ) to report annually to the Congress on its efforts to combat threats to national security from China, including theft of trade secrets and intellectual property. At the end of 2008, that debt equaled 40 percent of the nation's annual economic output (as measured by gross domestic product, or GDP), a little above the 40-year average of 36 percent. 7 percent for outlays and 17. In addition to describing how CBO defines and estimates health insurance coverage for people under 65,. This includes public school districts, charter schools, private schools, nonprofit agencies, city. Outlays. As a result, the updated estimate of the deficit reduction was lowered by $11. The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint CBO's Director, after considering recommendations from the two Budget Committees. 9 trillion. According to the Congressional Budget Office, emergency funds made up 2% of the Pentagon’s budget between 1970 and 2000, but grew after Sept. 7 percent of gross domestic product (GDP), in fiscal year 2013 and are projected to amount to nearly $12 trillion, or 5. The Congressional Budget Office (CBO) released its Options for Reducing the Deficit: 2023 to 2032 report this week, outlining 76 policy options and their impact on the federal budget over ten years. planned . 0 billion over the 2022-2031 period. 2018 and 2019, according to CBO and JCT’s estimates, average premiums for single policyholders in the nongroup market would be 15 percent to 20 perce nt higher than under current law, mainly because the individual mandate penalties would be eliminated, inducing fewer comparatively healthy people to sign up. S. From inpatient pediatric care to outpatient oncology services our patients have the flexibility to select a treatment plan that works within the constraints of their insurance plan, and is consistent with their physician and location preferences. federal. 6 percent of GDP to 4. 1628. amended by the Every Student Succeeds Act (20 U. The bill’s requirements would expire after seven years. 5 percent of GDP) in FY 2022 to $1. The aging of the population and the rising cost of health care contribute significantly to the growth in spending for major benefit programs, such as Social Security and Medicare. In 2018 and 2019, according to CBO and JCT’s estimates, average premiums for single policyholders in the nongroup market would be 15 percent to 20 percent higher under the legislation than under current law. 4 trillion in fiscal year 2022, equal to 5. CBO projects debt will fall to a low of 96 percent of Gross Domestic Product (GDP) in Fiscal Year (FY). 8 trillion to $1. 7170 - Ajudantes de obras civis. 0 percent of GDP; by 2096, spending on the program reaches 7. Re: CBO’s Estimate of the Budgetary Effects of H. That projected growth in total deficits is largely driven by increases in interest costs: Net interest outlays. 4 percent from 2024 to 2027. The agency’s long-term projections show the impact of the aging of the population, rising health care costs, and economic trends on. CBO is required to produce a cost estimate for nearly every bill approved by a full committee of the House of Representatives or the Senate. 8 percent at the end of 2020 to 5. C. Although per-enrollee caps would provide additional federal payments for each enrollee, caps below projections of. federal government. See Notes for additional details. CBO and the Joint Committee on Taxation estimated the effects on the federal budget, health insurance coverage, market stability, and premiums if payments for cost-sharing reductions would end after December 2017. In CBO’s projections, the federal budget deficit is $960 billion in 2019 and averages $1. S. CBO estimates that plans for U. R. 3 percent of GDP (more than double the average over the past half-century) and generally grow each year, reaching 11. CBO examined potential reasons that the prices paid by commercial health insurers for hospitals’ and physicians’ services are higher, rise more quickly, and vary more by area than the prices paid by the Medicare fee-for-service program. The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint CBO's Director, after considering recommendations from the two Budget Committees. S. Specifically, beginning in 2026, the rates will be 10, 15, 25, 28, 33, 35, and 39. L. 1 trillion. (CBO) and faith-based organizations (FBO);In CBO’s projections, outlays for the next three years remain near 21 percent of GDP, which is higher than their average of 20. 3 percent at the end of 2031. 9 percent shortfall recorded last year. ABOUT CBO. 4% of. On December 16, 2021, lawmakers raised the debt limit by $2. Congress. 6068, Clergy Act. R$ 520,00 ou. In CBO’s projections, the federal deficit totals $1. January 20, 2022. 4 trillion, or 98 percent of GDP, by 2030. 4 percent and 4. I n a departure from all previous shipbuilding plans, the Navy’s 2023 plan comprises three. Liabilities of PBGC-Insured Pension Plans, by Industry, 2009 and 2018;Local jurisdictions and Community Based Organizations (CBO’s) HEART Collaboration. Unallowable Expenditures 20 Allowable Expenditures 21 Snacks or Meals for Students 22. CBO and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Obamacare Repeal Reconciliation Act of 2017, an amendment in. 6 percent of GDP. Monday - Saturday: 08:30 - 21:00 Closed on Sunday and Public Holidays. Uncertainty Surrounding the Unemployment Rate. Output grows at an average annual rate of 2. 7171 North Dale Mabry Highway coy. The bipartisan infrastructure plan making its way through the Senate will “add $256 billion to projected deficits” between 2021 and 2031, a report from the Congressional Budget Office released. Hydraulic fracturing, also known as fracking, is a method of oil and natural gas extraction. Security trust fund. Congressional Budget Office. R$ 520,00 ou 5x R$ 115,39 5. PWBM estimates a $248 billion reduction in accumulated deficits over the 10-year budget versus $305 billion for CBO. 0 percent of GDP) in 2023 and to $1. Feb. HTML Format - At a Glance As part of the President’s annual budget request, the Department of Defense (DoD) develops a plan—called the Future Years Defense Program (FYDP)—that reflects DoD’s expectations about its programs and costs over the next five years. In CBO’s projections, the federal deficit totals $1. Providers may offer telemedicine through various means of. 1. R$ 520,00 ou 5x R$ 115,39. Ajudante de Obras - CBO 7171-20. CBO estimates that the deficit will total $3. The Congressional Budget Office (CBO) today released new ten-year budget projections, again confirming that the national debt is on an unsustainable path. 9 trillion in 2033, and total $20. 3 percent over the past 50 years. so much of CBO’s budget is devoted to personnel costs, if actual funding proves markedly less than the proposed amount, CBO will have to shrink its staff, affecting its ability to be transparent and responsive. The reductions would amount to 2. Graduate and first professional 7,171 6,977 7,279. 4 billion—about 20 percent less than it received in 2010, when appropriations for the IRS reached their highest level from 1998 through 2018. Because of the complexity of the analysis involved, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) generally produce one ma jor update per year to their 10-year projections of health insurance coverage for people under age 65. 3 trillion, or 8. AdventHealth provides patients with a broad range of treatment options and locations. Background In 2018, the Internal Revenue Service (IRS) received appropriations totaling $11. The long-term budget projections typically follow CBO’s 10-year baseline budget projections and then extend most of the. 4-LONG TERM BUDGETARY IMPACT OF PATHS SPECIFIED BY CHAIRMAN RYAN MARCH 2012 Medicare would increase by two months per year beginning in 2023 until. By 2026, on average, about 53,000 fewer. ), the top Republican on the House Education Committee. C. 4 percent of. S. CBO 5151-20. Solmar Resort. On the basis of estimates prepared by the staff of the Joint Committee on Taxation (JCT) for the analysis, CBO reports that the combined effect of the change in net federal revenues and spending would be to increase deficits allocated to all income groups of tax-filing units in 2019, 2021, 2023, and 2025 (see the enclosed table). Jul 20, 2017. O n March 28, 2022, the Administration submitted its annual set of budgetary proposals to the Congress. Over the coming decade, deficits (after adjustments to exclude the effects of shifts in the timing of certain payments) fluctuate between 4. S. The boiling range of distillates covered by the test method is 150 °C to 390 °C. Alternatively, a non-LEA eligible entity might apply for a 21. Past 20 years VA’s spending on medical care and disability compensation have grown rapidly (and at roughly the same rates)Federal outlays are expected to increase by 2. Those reductions would reduce the deficit by $332 billion over the same period. Average Refundable Tax Credit Rates Among Selected Income Groups, 1979 to 2018 22 16. A smaller number of people buy private health. DEPUTY MANAGER (INFRASTRUCTURE ENGINEER) MMGS-II, DEPUTY MANAGER (JAVA DEVELOPER) MMGS-II, DEPUTY MANAGER (WAS. In the Congressional Budget Office’s projections, deficits as a percent of GDP fall between 2021 and 2027 (from 8. 717 would cost $4 million in 2002 and $56 million over the 2002-2006 period. H. Average Federal Tax Rates, by Tax Source, 1979 to 2018 21 15. 8 percent average annual growth of potential output. Carrega e descarrega materiais de construção, prepara canteiros de obras e. CBO In . S. 6 trillion over the next decade. R. 4 million workers and increase the federal deficit by $54 billion over a decade. 6 percent. The Congressional Budget Office’s long-term projections follow the agency’s 10-year baseline budget projections and then extend the concepts underlying them for an additional 20 years. The Congressional Budget Office regularly analyzes the distribution of income in the United States. About 90 percent of the agency’s budget is allocated to staff compensation; the remaining portion covers data and other information, information technology, cybersecurity, training, and other needs. In CBO and JCT’s projections, those net subsidies reach $3. The projected gap between spending and revenues increases to 5. 6 percent of GDP. The projected real interest rate on 10-year Treasury notes—that is, the rate after the effect of expected. For this report, the. That estimate reflects both the direct reduction in Medicare Advantage spending that would occur because of reduced benchmarks and the increase in spending that would result because. Since then, large budget deficits have caused debt held by the public to shoot upward; the Congressional Budget Office (CBO) projects that federal. CBO’s estimate of H. 3 percent of GDP over the 2010–2019 period to an average of 29. 1 trillion deficit the agency estimated in March 2020, when it last updated its baseline budget projections—a. CBO The Distribution of . The Budget and Economic Outlook: 2023 to 2033. $20 billion (20%) decrease in customs duties due to a reduction in imports. Over the same period, revenues remain around 4. as amended by Every Student Succeeds Act (20 U. Increases in annual deficits would be smaller before 2025, as the minimum-wage increases were being phased in, than in later years. Starting in 2025, debt steadily rises in relation to. 20 trillion rather than $1. S. 8 percent of GDP in 2019 to 23. CBO and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Obamacare Repeal Reconciliation Act of 2017, an amendment in. e. Changes in CBO’s Budget Projections. 6 trillion, mostly because CBO projects lower revenues over that period as a result of differences between its economic forecast (which was finalized. Code - Unannotated Title 20. Ages 4-11. 0 percent of GDP. This report presents theAn Amendment in the Nature of a Substitute [LYN17479] as Posted on the Website of the Senate Committee on the Budget on July 19, 2017. 5/125µm), Fiber Patch Cable, Orange, - 25 years warranty - Lifetime supportThe savings would represent about 20 percent and 13 percent, respectively, of projected federal Medicaid spending in 2032. 0 Agente Comunitário de Saúde ?. December 18, 2014. 2 The agency’s baseline, which reflects the assumption that current laws governing federal spending and revenues will generally remain in place, is The Budget and Economic Outlook: 2023 to 2033. 6 trillion per year over the next decade. At 8. 64 births per woman in 2020 (the most recent year for which data were available when the projections were. CBO projects deficits will more than double over the next decade, growing from $1. 4171, International Trafficking Victims Protection Reauthorization Act of 2022. Federal debt held by the public is projected to rise over the coming decade, from 81 percent of GDP in 2020 to 98 percent of GDP in 2030. Eliminating all itemized deductions would reduce the deficit by $2. The “ridge. 4 trillion in 2033, the CBO estimated. Projected Costs of U. 717020 - Servente de obras. debt surged upward in two stages over the last 20 years, first after the financial crisis in 2008 and then after the COVID-19 pandemic [10] that began in 2020. 0 percent of GDP. 0. In this report, CBO assesses the quality of the baseline projections of outlays it has made each spring from 1984 to 2021. 3 trillion (6. advertisement no: crpd/cbo/2023-24/18. recruitment of specialist cadre officers on regular basis – credit financial analyst (final result announced) advertisement no: crpd/sco/2023-24/16. The Congressional Budget Office’s long-term budget projections are consistent with the baseline budget projections and economic forecast for 2022 to 2032 that the agency published in May 2022. 4 trillion (5. 1177 – 182-192 Application FY2021 (Cohort 15) Alabama State Department of Education Federal Programs Section Attention: Yolonda Averett 5348 Gordon Persons Building P. CBO. Together, those 10 tax expenditures are estimated to total more than $900 billion, or 5. 3 trillion lower than OMB's estimate of $14. 3 trillion (6. edu Colorado Florida H. 9 trillion (7. 2 • Providing additional time for teacher collaboration and common planning;. CBO examines its forecasts of output growth, the unemployment rate,. At a Glance In this report, the Congressional Budget Office assesses its two-year and five-year economic forecasts and compares them with forecasts of the Administration and the Blue Chip consensus, an average of about 50 private-sector forecasts. Tax credit rates are calculated by dividing the total amount of major individual income tax credits by total income before transfers and taxes in each income group. The Congressional Budget Office’s long-term budget projections, referred to as the extended base-line, typically follow the agency’s 10-year baseline budget projections and then extend most of the concepts underlying those projections for an additional 20 years. 0 Agente Comunitário de Saúde ? CBO 5151-05 . Phone: (624) 136-7171 CWL / (185) 877-99521 USA | E-mail: [email protected] a Telemedicine Benefit. (ESEA), as amended by Every Student Succeeds Act (20 U. WASHINGTON — The United States is on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than previously forecast, the result of rising. CBO estimates that plans for U. t. June 27, 2022 . CBO was established as a nonpartisan agency under the Congressional Budget and Impoundment Control Act of 1974, which organized the budget process in the legislative branch. 20%: 2023 to 2032 Cash Deficit-$2. 4 percent in 2033. 0 percent in 2029. Since then, large budget deficits have caused debt held by the public to shoot upward; the Congressional Budget Office (CBO) projects that federal. Blog Post. In CBO’s projections, the gap between Social Security’s outlays and revenues widens over the long term. H. Changes to a 2151A must be done in Adobe Reader. Congress Washington, DC 20515 . Over the following 10 years, however, as the delayed programs ramped up. Re: CBO’s Estimate of the Budgetary Effects of H. 2013 3. Together, those 10 tax expenditures are estimated to total more than $900 billion, or 5. 6 percent in 2022 to 3. CBO’s economic assessment is identical to the forecast the agency published on February 1, 2021. Welcome to CBO - Your manufactuer for optical and copper transmitting solutions for LAN, WAN and MAN networks BlueOptics SFP7171CUK MTRJ-MTRJ Duplex, Multi mode OM1 (G62. 6 trillion in 2020, or 16. S. For the purpose of that analysis, CBO assumed that scheduled benefits for. With current plans, costs will total about $350 billion over the next 10 years if costs grow at historical rates, CBO projects. activity for remaining hours of the month calculated at 20 hours per week within 48 hours of initial appointment. Real GDP growth comes to a halt in 2023 and then rebounds, averaging 2. advertisement no: crpd/sco/2023-24/20. Under the President's budget, annual budget deficits would remain below the historically high levels seen over the past few years as COVID relief continues to wind down, but still grow over both the short- and long term. American Health Care Act - Congressional Budget OfficeThe Congressional Budget Office released its report on the impact of President Donald Trump ending. C. 8 percent of gross domestic product (GDP), well above the. In the Congressional Budget Office’s economic projections, the unemployment rate falls from 6. Deficits will total $20. Toll Free: 1800 22 7171 / 1800 102 7171 Email: custsvcinen@ups. 7 trillion larger than CBO estimated in February. a. The statutory tax rate structure, which is set by law, is one of the many features of the tax system that. 00 trillion. Projections of output, prices, labor market measures, interest rates, and income. 418 Introduction ¶ 1. 4 trillion, or 3. Disclaimer. 744 would boost economic output—CBO projects—by 3. R. In preparing the January 2017 baseline, the agencies didAt a Glance The Congressional Budget Office regularly publishes its baseline projections of what the federal budget and the economy would look like in the current year and the following 10 years if current laws governing federal taxes and spending generally remained unchanged. R$ 650,00 ou 5x R$ 144,24 Agente de Alimentação Escolar. 1 trillion; Limiting the tax benefit of itemized deductions to 15 percent of their total value would reduce the deficit by $1. (CBO) and faith-based organizations (FBO); • Institutions of highe r education; andDue to an unforeseen construction zone gas leak behind the building, the Adel clinic will be closed for the remainder of the day on Monday, November 20. In addition, 1. At least 20% of rental units will be affordable to those earning no more than 80% of Area Median Income ($51,200 or less for a two-person household). 4 percent of GDP, over the 2014–2023 period. Summary. An Analysis of the President’s 2020 Budget. Beginning in January 2018, this option would eliminate the individual mandate; the ACA’s other provisions (including marketplace. The clinic will reopen tomorrow, Tuesday, November 21 for normal hours. S. 1 percent of GDP) over the FY 2024 to 2033 budget window. 4 percent of gross domestic product (GDP. the Congressional Budget Office has updated the baseline budget projections it published earlier in the year. Premiums for 2018 would increase by 20% over the CBO's current baseline and by 25% over the. 7171; S. (FFS) program, according to analysis by the Congressional. 4 trillion relative to CBO’s July 2021 projections, rising by a staggering 20 percent to a total of $14. Budget Authority 20 20 20 20 20 0 0 0 0 0 0 100 100 Estimated Outlays 1 7 17 24 24 18 8 1 0 0 0 91 100 Subtotal, Title I. 7 - TRABALHADORES DA PRODUÇÃO DE BENS E SERVIÇOS INDUSTRIAIS. 20 (Percent) - -2 Congressional Budget Office. An LEA might partner with a non-school entity, such as a CBO or FBO, to. Total Wealth. Congressional Budget Office. Between 2017 and 2026, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) project, the federal government will collect $38 billion in penalty payments from uninsured people. 0 trillion, about $0. CBO and PWBM use different economic baselines, with CBO’s baseline from. CONTENTS 2 Message from the Senior VP and CBO 4 Statement of Management’s Responsibility 5 Report from the Independent Auditor 7 Management’s Discussion and Analysis 16 Financial Statements. R$ 650,00 ou 5x R$ 144,24 Agente de Alimentação Escolar. Those projections reflect an assumption that laws as of March 23, 2022,At $16. 1 percent. gov Candace Ricks, LGSW email: [email protected] fter each fiscal year has ended, the Congressional Budget Office reviews its projections of federal revenues and outlays and the government’s budget deficit and compares them with actual budgetary. 0 trillion, or 4. B. Costa Baja offers a unique lifestyle filled with comfort, state of-the-art facilities and exceptional service. The CBO is an order on conviction, available following a conviction for any criminal offence in the Crown Court, magistrates' court or youth court. 3 trillion (6. Phillip L. 15. § 7171 - U. 5 trillion; Eliminating the deduction for state and local taxes would reduce the deficit by $1. O n March 28, 2022, the Administration submitted its annual set of budgetary proposals to the Congress. CONGRESSIONAL BUDGET OFFICE Phillip L. Real potential GDP grows slightly more rapidly (see Table 3). § 9171 - U. 2 ADDITIONAL INFORMATION ABOUT THE UPDATED BUDGET AND ECONOMIC OUTLOOK: 2021 TO 2031 JULy 2021 Debt Federal debt held by the public is projected to drop from 103 percent of GDP at the end of 2021 to 99 percent in 2023 and 2024 as growth in the economy outpaces rising debt. The Congressional Budget Office estimates that this alternative would affect 13 states, and the new matching rates for those states would be between 4 percent and 49. 4 percent of GDP, and rise to 18. The government primarily spends on healthcare, retirement, and defense programs. Inflation is stable during the 2025–2030 period. 3 trillion, or 8. year 2013, the Congressional Budget Office (CBO) esti-mates. 0 trillion, nearly $130 billion less than the deficit recorded in 2020 but triple the shortfall recorded in 2019. R$ 1. 1% (one tenth of one percent) of projected total revenue and is due to differences in the corporate minimum tax provision. Average before-tax income among households in the lowest one-fifth (or quintile) of the distribution of before-tax income was approximately $25,000 in 2011, CBO estimates (see table below). February 15, 2023. 6 million would fund benefits—an increase of $0. Any public or private organization that meets the eligibility requirements can apply for 21st CCLC funding. May 24, 2021. 2553 would allow a current or former President or Vice President to remove to federal court a civil action or criminal prosecution brought against them in a. The high pressure fluid produces a fracture network that allows crude oil and natural gas inside dense rocks to flow into a wellbore and be extracted at the surface. CBO will provide a. CBO's new projections update its February baseline and find that debt will reach a record 119 percent of Gross Domestic Product (GDP) by the end of Fiscal Year (FY) 2033 and deficits will total $20. 4 trillion in 2033, the CBO estimated. In addition, 1. Education § 9171. On the revenue side, CBO includes two options to adjust the $160,200 taxable maximum, closing 20 to 42 percent of the program's funding gap in 2032 (but less over time). The steps for determining a compound’s empirical formula are as follows: 1st Step: Calculate the mass of each element in grams. 8 percent average annual growth of potential output. Those projections, which starting in 2016 focus primarily on the coming 30 years (previously they focused on the next 25 years), show the effects of demographic trends, economic developments, and rising health care. CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. 5 percent of. 1 20 U. Prior to that law, the president’s Office of Management and Budget (OMB) was the primary. The process involves injecting fluid into subterranean rock formations at high pressure. 8 trillion, or 7. December 7, 2022. 1628. Title I schoolwide programs are K-12 schools in which Due to an unforeseen construction zone gas leak behind the building, the Adel clinic will be closed for the remainder of the day on Monday, November 20. 3746, the Fiscal Responsibility Act of 2023, as posted on the website of the House Committee on Rules on May 28, 2023. CBO 5151-20. As illustrated in the nearby chart, using historical data from the White House Office of Management and Budget (OMB), [9] U. 5 trillion, or 20. That amount is $2. CBO projects that budget deficits would total $13. R. Report. Cabo San Lucas, BCN. The deficit would rise from $1. The estimate was prepared in conjunction with the staff of the Joint Committee on Taxation (JCT). 202-325-7171: Enforcement Programs Division: 202-325-7171: Fraudulent Document Analysis Unit: 202-325-7171: Immigration Advisory Program: 202-325-7171 Traveler Entry Programs: 202-325-7171 Traveler Policy Division: 202-325-7171 Trusted Traveler Programs: 202-325-7171 The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if current laws governing taxes and spending generally remained unchanged.