Unhappy New Year: CBO Forecasts Poor Economy, Soaring Deficits in 2023

13 December 2022

The nonpartisan Congressional Budget Office on Nov. 29 released an analysis describing its “current view of the economy in 2023 and 2024 and the budgetary implications.” In short, everything looks bleaker than it did a little more than six months ago, when the CBO published its Budget and Economic Outlook report in May.

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