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 .
By Warren Olney • • 1 min readIn 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.
