A glance at Obama's economic assumptions

A look at the economic assumptions President Barack Obama used in his 2015 budget proposal

Associated Press

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 2012 2013 2014 2015 2016
Gross Domestic Product 16,245 16,768 17,544 18,454 19,432
% change from year before in actual dollars 4.6 3.2 4.6 5.2 5.3
Consumer price index % change from the year before 2.1 1.4 1.6 2.0 2.1
Unemployment rate ( 8.1 7.5 6.9 6.4 6.0
Interest rate on 91-day Treasury bills ( 0.1 0.1 0.1 0.3 1.2
Interest rate on 10-year Treasury notes ( 1.8 2.3 3.0 3.5 4.0

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

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