Congressional Budget Office Describes Consequences of ‘Fiscal Cliff’
Comstock Images/Thinkstock(WASHINGTON) — Now that all the confetti has been cleaned up, the harsh reality of dealing with the so-called “fiscal cliff” looms for President Obama and Congress over the next seven weeks.Expiring tax cuts, deep automatic s…
‘Fiscal Cliff’ Looms for US Economy, CBO Warns
ABC News(WASHINGTON) — Allowing Bush-era tax cuts to expire coupled with a scheduled round of automatic spending cuts would probably throw the U.S. economy into a tailspin. That’s the dire warning from a new Congressional Budget Office report th…
‘Fiscal Cliff’ Looms for US Economy, CBO Warns
ABC News(WASHINGTON) — Allowing Bush-era tax cuts to expire coupled with a scheduled round of automatic spending cuts would probably throw the U.S. economy into a tailspin. That’s the dire warning from a new Congressional Budget Office report th…
CBO Reports First Monthly Budget Surplus in Three Years
Comstock Images/Thinkstock(WASHINGTON) — The Congressional Budget Office has reported a monthly budget surplus of $58 billion, which would be a first in nearly three years.The improved numbers are attributed to a 10 percent increase in tax revenue.&nb…
‘Whistleblower’ Says Mortgage Securitization Still Issue for US Homeowners
Courtesy Minh L. Pham(WASHINGTON) — Lan Pham, an economist fired by the Congressional Budget Office two years ago, is still asking whether the watchdog agency appeared to “diminish or deny” the problem of foreclosure fraud while providing analysis to …