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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.
Economists, policymakers and fiscal-conscious individuals may be interested in this report.
Congressional Budget Reports & Economic Analyses collection can be found here: https://bookstore.gpo.gov/catalog/bud...
Economic Indicators print subscription can be found here: https://bookstore.gpo.gov/products/sk...
This print subscription provides economic informaiton on gross domestic product, income, employment, prices, wages, production, business activity, money, credit, purchasing power, security markets, Federal finance, and international statistics.