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Dget Office (CBO) paper, prepared at the request of Congressmen Christopher Shays and Edward Markey, analyzes the likely economic effects of a proposal to repeal Fannie Mae s and Freddie Mac s exemptions from the Securities and Exchange Com mission s registration and disclosure requirements. In keeping with CBO s mandate to provide objective and impartial analysis, this report makes no recommendations. David Torregrosa of CBO s Microeconomic and Financial Studies Division conducted th.

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Each year, the agency's economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation. CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation.

Director. Phillip L. Swagel became the 10th Director of the Congressional Budget Office on June 3, 2019, and on July 27, 2023, he was appointed to a second term in office.

CBO's updated projections show a federal budget deficit of $1.5 trillion for 2023.

In 2022, the national debt of the United States was at around 121.31 percent of the gross domestic product.

Deficits. In CBO's projections, the deficit equals 5.8 percent of gross domestic product (GDP) in 2023, declines to 5.0 percent by 2027, and then grows in every year, reaching 10.0 percent of GDP in 2053. Over the past century, that level has been exceeded only during World War II and the coronavirus pandemic.

The debt-to-GDP ratio is the metric comparing a country's public debt to its gross domestic product (GDP). By comparing what a country owes with what it produces, the debt-to-GDP ratio reliably indicates that particular country's ability to pay back its debts.

Summary. CBO has projected gross federal debt through 2053, assuming that existing laws governing taxes and spending generally remain unchanged. In CBO's projections, gross federal debt amounts to 124 percent of gross domestic product (GDP) at the end of fiscal year 2023 and 129 percent by the end of 2033.

CBO's mission is to help the Congress make effective budget and economic policy. In carrying out that mission, the agency offers an alternative to the information provided by the Office of Management and Budget and other agencies in the executive branch.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232