This is the annual Economic Report of the President for 2007 originally issued by the Council of Economic Advisers to the President. Each year in February, the Council of Economic Advisers submits this report on its activities during the previous calendar year in accordance with the requirements of the Congress as set forth in section 10(d) of the Employment Act of 1946. The 2007 Economic Report of the President topics related to leading economic issues such as: - A review of economic developments in 2006 as well as the forecast for the near-term outlook. - Current annual financial goals concerning topics, including employment, production, real income and Federal budget outlays. - Employment objectives for significant groups of the labor force. - Annual financial goals and a program for carrying out program objectives. The Economic Report of the President has been published since 1950 and is available on GPO Access at www.gpo.gov from 1995 forward. A searchable database of the Economic Report of the President is available from 1996 forward. A database of Presidential Economic Reports is available in several digital formats at http: //www.whitehouse.gov/cea/.