The CBO, in likely its last official forecast ahead of the November elections, says the U.S....

|By:, SA News Editor

The CBO, in likely its last official forecast ahead of the November elections, says the U.S. economy will quickly go into recession if Congress fails to address the fiscal cliff of spending cuts and tax increases set to kick in next year. Even if the cliff is averted, the economy is expected to grow at only 1.7% in 2013.