Congressional Budget Office – BOL News Staging

US Economy on verge of facing $7.9tn loss due to global pandemic

June 2, 2020June 2, 2020 by Web Desk

Congressional Budget Office of the United States has projected that the country’s economy will take almost a decade to fully recover due to novel coronavirus. Media reports said that Congressional Budget Office has forecasted the current outbreak of novel coronavirus will cut US economic output by 3% between this year and 2030. CBO estimates this … Read more

Congressional forecasters predict federal deficit to a record $3.7 trillion

April 25, 2020 by Web Desk

A nationwide business shutdown and surge in United States government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country fights the coronavirus pandemic, congressional forecasters said. According to the media report U.S. gross domestic product will plunge by nearly 40% on an yearly basis in the … Read more

Menu

Latest

Entertainment

Lifestyle