"January 2009"--Cover.

The economic outlook: The near-term outlook -- The outlook from 2011 to 2019 -- The housing market -- Financial markets -- Personal consumption spending -- Changes in the forecast since the summer of 2008 -- Comparison with other forecasts -- The budget outlook: The budget outlook for 2009 -- The budget outlook for 2010 to 2019 -- Budget projections under alternative scenarios -- The treatment of the troubled asset relief program in the federal budget -- The treatment of Fannie Mae and Freddie Mac in the federal budget -- Changes in the budget outlook since September 2008 -- The long-term outlook.