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A glance at Obama’s economic assumptions

March 4, 2014

A glance at the economic assumptions underlying the budget President Barack Obama submitted to Congress on Tuesday for the fiscal year 2015 beginning Oct. 1. Gross domestic product is in billions of dollars.

Projections
Actual 20122013201420152016
Gross Domestic Product16,24516,76817,54418,45419,432
% change from year before in actual dollars4.63.24.65.25.3
Consumer price index % change from the year before2.11.41.62.02.1
Unemployment rate (8.17.56.96.46.0
Interest rate on 91-day Treasury bills (0.10.10.10.31.2
Interest rate on 10-year Treasury notes (1.82.33.03.54.0

Source: Fiscal 2015 Budget of the United States, White House Office of Management and Budget.

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