Wednesday, April 7, 2010 as of 11:14 AM ET
The Congressional Budget Office (CBO) is a federal agency within the legislative branch of the United States government that provides economic data to Congress.
Read More at Wikipedia ›The Congressional Budget Office (CBO) fired off a warning Tuesday to our nation and its leaders in Washington.
The CBO told us that the United States of America is headed toward a fiscal cliff and that we do indeed fall off, it will have profound effects on our country and world economy.The CBO projects that if Congress does not act to prevent coming tax increases and spending cuts, a recession is certain. The CBO estimates gross domestic product would decline by as much as 1.3 percent if lawmakers don't act.Unfortunately, the CBO makes it seems as if fiscal restraint is at odds with economic growth. I'll have more to say on that topic in a moment but first let's take a look at what the CBO says will happen if Washington doesn't get control of our dire fiscal situation.Outside of the dip in economic output it predicts for next year, it would seem the CBO believes the nation's economic future relies on getting our debt under control -- that's because we face even more painful tax hikes ...The White House is aggressively pushing the idea that, contrary to widespread belief, President Obama is tightfisted with taxpayer dollars. To back it up, the admini...
The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the...
The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the...
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The top numbers cruncher for Congress warned Thursday that the federal government increasingly risks sending the country into a "fiscal crisis," projecting that unle...
The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budget Office warned Wednesday in a st...
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably...
A new government study released Tuesday says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably...
Dire warning from Washington watchdog
Government study says tax hikes, budget cuts could trigger recession in 2013
The government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year but still very high by any measure, according ...
CBO warns about ending Bush-era tax cuts
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