CBO: Current Law Will Lead U.S. Into a Recession in 2013
Congressional Budget Office: Continuing Under Current Law Will Lead U.S. Economy Into a Recession in 2013
On August 22, the Congressional Budget Office (CBO) released its update to the ten year
U.S. Budget and Economic Outlook. The report highlights how high the stakes will be for federal lawmakers who will face hard choices in the six-week lame duck session of Congress following the November elections.
Under current law…
- on December 31, 2012 the Bush-era tax cuts and the payroll tax holiday are set to expire.…
