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Showing posts with the label 2013 CBO Forecast

The the Budgetary analysis of the CBO concludes for a recession in 2013

Congressional Budget Office Supporting the congress since 1975 Today CBO released An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022 . The report, issued annually in the late summer, contains the agency’s updated economic and budget projections spanning the period from 2012 through 2022. CBO also published an infographic about the fiscal tightening scheduled to occur in 2013 and its economic consequences. Key aspects of our projections are illustrated in the figures below. Charts from CBO's August 2012 Budget and Economic Outlook from Congressional Budget Office n January 2013, substantial changes to tax and spending policies are scheduled to take effect under current law. Whether lawmakers allow those policy changes to take effect or alter them will play a crucial role in determining the path of the federal budget over the next decade and the outlook for the economy in the near term and beyond. If those changes co