CBO Releases New Budget and Economic Projections

CBO has just released its August Budget and Economic Outlook. You can find it here. Under current law, assuming policymakers make no changes to what's written in law and the economy pans out as projected (both are highly unlikely), debt falls to 61 percent of the economy in 2021.

Be sure to check back to The Bottom Line and CRFB throughout the day for more analysis and for CRFB's more realistic debt projections.