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The CBO yesterday gave its view of how precipitous the drop from the fiscal cliff would be,...

The CBO yesterday gave its view of how precipitous the drop from the fiscal cliff would be, forecasting that it would cause GDP to shrink 0.5% next year and unemployment to climb to 9.1% from 7.9%. However, growth would be stronger in the long run. If the cliff is avoided, the economy would expand 1.7% but would still remain "below its potential." President Obama is due to have his say later today. (CBO report)
Comments (1)
  • BruceInKY
    , contributor
    Comments (437) | Send Message
     
    Slow learners will find the next four years go pretty fast. For the rest of us it will be a real slog.
    9 Nov 2012, 10:38 AM Reply Like
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