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CBO sees falling deficits in 2012, 2013

Daily newsbrief journal for January 2012, also see for a global 100-page perpetual brief and follow twitter @usdemocrats

CBO sees falling deficits in 2012, 2013

Postby admin » Tue Jan 31, 2012 4:26 pm

CBO sees falling deficits in 2012, 2013
from - MarketPulse
WASHINGTON (MarketWatch) -- The U.S. budget deficit will fall to $1.08 trillion in fiscal 2012, the Congressional Budget Office said Tuesday, while the country's jobless rate will average 8.9% in calendar year 2012. In its budget and economic outlook for fiscal 2012 to 2022, the CBO also projected that the economy will expand by 2.0% in calendar year 2012. In fiscal 2011 the deficit was $1.3 trillion.
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