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    Back to To the Point

    To the Point

    Congressional Budget Office Warns Avoid the 'Fiscal Cliff'

    In January, the Congressional Budget Office, which advises both parties, said failure to cope with looming tax increases and spending cuts in January would trigger a mile recession . Today, it upped the ante and predicted that the recession could be " significant ." Lori Montgomery is financial reporter for the Washington Post .

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    By Warren Olney • May 12, 2014 • 1 min read

    In January, the Congressional Budget Office, which advises both parties, said failure to cope with looming tax increases and spending cuts in January would trigger a mile recession. Today, it upped the ante and predicted that the recession could be "significant." Lori Montgomery is financial reporter for the Washington Post.

    The full episode

    1 of 3
    Todd Akin and Abortion on the Campaign Trail
    1. 0:00Congressional Budget Office Warns Avoid the 'Fiscal Cliff'You’re reading this
    2. 7:07Todd Akin, Abortion and the Presidential Campaign
    3. 38:58Julian Assange and the British-Ecuadorian Standoff
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Caitlin Shamberg

      KCRW

    • KCRW placeholder

      Christian Bordal

      Managing Producer, Greater LA

    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Anna Scott

      Former KCRW Housing and Homelessness Reporter

    • KCRW placeholder

      Lori Montgomery

      Washington Post

      NewsNationalPolitics

    The full episode

    1 of 3
    Todd Akin and Abortion on the Campaign Trail
    1. 0:00Congressional Budget Office Warns Avoid the 'Fiscal Cliff'You’re reading this
    2. 7:07Todd Akin, Abortion and the Presidential Campaign
    3. 38:58Julian Assange and the British-Ecuadorian Standoff
    Back to To the Point