CBO: Recession Imminent If Tax Hikes, Budget Cuts Not Averted

The U.S. economy will hurtle into a recession if Congress fails to avert a series of tax increases and budget cuts due in January, the Congressional Budget Office said.
August 23, 2012

The U.S. economy will hurtle into a recession if Congress fails to avert a series of tax increases and budget cuts due in January, the Congressional Budget Office said.

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