Sentences with phrase «cbo economic assumptions»

OMB's Mid-Session Review, however, resolves this ambiguity by stating in Tables 15 and 16 (page 31) that the Administration would exclude the «fiscal dividend» — i.e., «pull the trigger» — in order to balance the budget under the CBO economic assumptions.

Not exact matches

The original AAAS analysis of the outyears in the President's budget, published on May 16, was based on a literal interpretation of the language contained in the President's budget that would have required a reduction of $ 40 billion in discretionary outlays in FY 2001 and $ 81 billion in FY 2002 in order to balance under CBO's economic assumptions.

Last week, after OMB issued its Mid-Session Review of the 1997 Budget, AAAS prepared a further revision, taking account of the new OMB projections and a clarification the Administration has provided of the adjustments it would make in order to bring the budget into balance under CBO's economic assumptions.

Note: The President is committed to producing a balanced budget by 2002 under the economic and technical assumptions of the Congressional Budget Office (CBO).

Not only do they share the same set of economic assumptions (those of CBO), but they both place the heaviest burden of deficit reduction on discretionary spending, the category that includes R&D.