Tag Archives: Congressional Budget Office

Financial Daily Dose 9.3.2020 | Top Story: CBO Projects U.S. Nat’l Debt Will Nearly Eclipse GDP for First Time Since WWII

BY: Michael D. Reif | September 3, 2020

New figures from the Congressional Budget Office predict that U.S. government debt will, thanks to the pandemic recession, just about eclipse the size of the nation’s GDP—a level not reached since just after World War II – CBO and WSJ and MarketWatch and NYTimes Still, fiscal hawks be damned, the Dow again topped 29,000 and … Continue reading

Financial Daily Dose 6.2.2020 | Top Story: CBO Projects Decade of Recovery and GDP-Contraction From Pandemic-Induced Econ Harm

BY: Michael D. Reif | June 2, 2020

New estimates from the Congressional Budget Office suggest that the “U.S. economy could take the better part of a decade to fully recover from the coronavirus pandemic and related shutdown” and see as much as a 3% contraction in GDP over that period – WSJ and NYTimes and MarketWatch Zuck and Co. are facing a … Continue reading