A Third Quarter Update to “The Purchasing Power of American Households”
In the year ending in the third quarter of 2024, the median American worker could afford the same goods and services […]
Federal
The Accuracy of CBO’s Budget Projections for Fiscal Year 2024
In its May 2023 budget projections for fiscal year 2024, CBO underestimated revenues by 1 percent and outlays by 6 percent. CBO’s projection of the federal budget deficit for 2024 was less than the actual amount by 1.1 percent of GDP.
