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Tag Archives: congressional budget office. u.s. budget deficit
CBO Says 2011 U.S. Budget Deficit Third Highest in History
CBO projects that real GDP will increase by only 2.3% this year and by 2.7% in 2012. Worse, under current law, federal tax and spending policies will impose substantial restraint on the economy in 2013, so CBO projects that economic growth will slow that year before picking up again, averaging 3.6% per year from 2013 through 2016. Continue reading
