A glance at Obama's economic assumptions


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

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 This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press
    KSL.com Beyond Business
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button