Tag: Congressional Budget Office

WASHINGTON (AP) — The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion…

WASHINGTON (AP) ? The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald…

At a minimum, the recent government shutdown cost the U.S. government an estimated $3 billion, according to the nonpartisan Congressional Budget Office. That figure represents the loss of economic activity from the 800,000 furloughed employees…