Part offederal budget →

FEDERALhearing transcript

High Impact

Congressional Budget Office 2017 Economic Outlook Hearing

Original title: THE CONGRESSIONAL BUDGET OFFICE'S BUDGET AND ECONOMIC OUTLOOK

January 1, 2017

federal budget national debt economic outlook CBO fiscal policy

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

The Frame

What this does

The CBO report projects that under then-current laws, the national debt could reach $30 trillion by 2027, which impacts federal spending capacity and long-term economic growth projections for all Americans.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Taxpayers

The fiscal projections impact the national debt, which the committee notes affects individual costs for loans, small business growth, and retirement planning.

Medicare, Medicaid, and Social Security beneficiaries

The committee identified these programs as primary drivers of long-term spending, noting that their future sustainability is tied to potential legislative reforms.

What changed

Last recorded activity January 1, 2017.

What's next

Next step not available in the current record.

Summary

The House Committee on the Budget held a hearing on February 2, 2017, to review the Congressional Budget Office's (CBO) 10-year economic and budget projections. The discussion focused on rising national debt, projected increases, and the long-term fiscal sustainability of major entitlement programs.

Key Facts

The CBO provided a 10-year projection of U.S. spending, national debt, and economic performance.
The federal deficit is projected to rise from $587 billion in fiscal year 2016 to $1.4 trillion by fiscal year 2027 under current law.
The national debt is projected to reach $30 trillion by 2027.
The projected debt increase is equivalent to approximately $93,000 per American.
The committee identified Medicare, Medicaid, and Social Security as primary drivers of projected long-term spending.
The hearing took place on February 2, 2017, in the Longworth House Office Building.

Why It Matters

Frequently Asked Questions

What is the purpose of the CBO's budget and economic outlook?

It provides a 10-year projection of federal spending, the national debt, and the performance of the U.S. economy.

What does the CBO report say about the national debt?

The report projects that the national debt will grow to $30 trillion by 2027 if current laws remain unchanged.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on Entitlement Reform

The hearing explicitly frames Medicare, Medicaid, and Social Security as the primary drivers of the long-term debt, signaling a legislative focus on these programs.

Medicare Medicaid Social Security

Connected Entities

personJohn A. Yarmuth“Ranking Minority Member of the Committee on the Budget”Map →

personKeith Hall“Director of the Congressional Budget Office”Map →

personDiane Black“Interim Chairman of the House Committee on the Budget”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance85
How much this matters to a regular citizen
Controversy40
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

Publisher tools