Fiscal gridlock in Washington has resulted in the deterioration of the nation’s long term budget outlook. Based on data published by the Congressional Budget Office, should spending and revenues not be brought into alignment over the next several years, the fiscal drag on the economy will reach the point where it will become a long-term [...]
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A few hours ago, the CBO published its most recent 10 year revised outlook for US revenue and spending: The Budget and Economic Outlook for fiscal years 2013-2023. Not surprisingly it was, as anything to ever come out of the CBO, ov... Read Post
Reading the annual Long Term Budget Outlook by the Congressional Budget Office (CBO) has become an increasingly depressing experience in recent years. This year seems even more so than ever. The latest projection puts the federal de... Read Post
The coming Mid Year Economic and Fiscal Outlook is likely to unveil a revenue deterioration of $3bn that will mean more spending cuts are likely to deliver the government's planned budget surplus. 19 Oct 2012 5:20 PM Read Post