Swiss Economicblogs.org
While optimistic about this year, the CBO does not believe the pace of growth is sustainable and sees a substantial increase in the fiscal deficit. The Congressional Budget Office (CBO), a bipartisan budget body reporting to US lawmakers, released a fresh 10-year economic and budget outlook earlier this week, incorporating the effects of both the December tax cuts and the March Congressional spending deal.The news is not great. The CBO seems half convinced about the medium-term benefits of...
Read More »Congressional Budget Office does not believe US tax cuts will ‘pay for themselves’
