Eric J. Labs, CBO's Senior Analyst for Naval Forces and Weapons, testifies at a joint hearing before the House Subcommittees on Seapower and Projection Forces and on Coast Guard and Maritime Transportation.
This tool allows users to define and analyze alternative economic scenarios and see how federal revenues, outlays, and deficits and debt under those scenarios might differ from outcomes in CBO's 10-year budget projections.
To show how economic conditions affect its budget projections, CBO analyzed how revenues, outlays, and deficits might change if the values of key economic variables differed from those in the agency's forecast.
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