Congressional Budget Office

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Congressional Budget Office Director Douglas Elmendorf speaks about the office's annual Budget and Economic Outlook during a news conference at the Ford House Office Building in Washington on Feb. 5, 2013. (Associated Press)

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Congressional Budget Office (Alternate Fiscal Scenario) via Heritage Foundation

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** FILE ** Douglas W. Elmendorf, director of the Congressional Budget Office. (Andrew Harnik/The Washington Times)

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**FILE** Douglas W. Elmendorf, director of the Congressional Budget Office, testifies Sept. 13 on Capitol Hill before the Joint Select Committee on Deficit Reduction. (T.J. Kirkpatrick/The Washington Times)

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Sen. Kent Conrad, North Dakota Democrat and Senate Budget Committee chairman, speaks about the Congressional Budget Office's economic outlook Wednesday during a news conference on Capitol Hill. (Associated Press)