New from CBO

How Eliminating the Automatic Spending Reductions Specified by the Budget Control Act Would Affect the U.S. Economy in 2014

report

Canceling the automatic spending reductions in effect for 2013 and scheduled for 2014 would increase both real GDP and employment in 2014 compared with what would occur under current law, CBO estimates, but federal debt would be greater.

     

 

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