Author Description

A report on the state of the budget & the economy that the Congressional Budget Office (CBO) issues each year. The exceptionally strong U.S. economy continues to generate much higher Fed. revenues than expected & progressively larger budget surpluses. The CBO projects that the total budget surplus in FY 2000 will reach $232 billion in the absence of legislation that would affect spending or tax receipts this year. Chapters: the budget & economic outlook; labor force projections; evaluating CBO's record of economic forecasts; the Fed. sector of the Nat. Income & Product Accounts; & CBO's economic projections for 2000-2010. Charts & tables.