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This statement is not available for public release until it is delivered at 10:00 a.m. (EST), Thursday, February 13, 1997. |
Mr. Chairman, Congressman Spratt, and Members of the Committee, I am very pleased to be here today to discuss the Congressional Budget Office's (CBO's) current outlook for the economy and the budget and our preliminary assessment of the President's budget. CBO's baseline projections are detailed in The Economic and Budget Outlook: Fiscal Years 1998-2007, which you have before you. We have just begun analyzing the President's budget, which was submitted a week ago. Our complete reestimate of that budget should be available by the end of February, with a published report on our analysis to follow a few weeks later.
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