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A glance at Obama's economic assumptions


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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.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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