Publisher's Synopsis
The Economic Report of the President provides valuable information about the present state of the U.S. economy and its future course. The Economic Report is issued by the Executive Office of the President and the Council of Economic Advisers and transmitted to Congress no later than 10 days after the submission of the Budget of the United States Government. It includes: Current and foreseeable trends and annual numerical goals concerning topics such as employment, production, real income and Federal budget outlays. Employment objectives for significant groups of the labor force. Annual numeric goals. A program for carrying out program objectives. For more than 60 years, the Economic Report has provided a nearly contemporaneous record of how Administrations have interpreted economic developments, the motivation for policy actions, and the results of those interventions.
