![]() Bloomberg |
Report Sees Risk of Recession if Budget Stalemate Persists
New York Times WASHINGTON — The Congressional Budget Office said Wednesday that the economic recovery would continue “at a modest pace” for the rest of the year, but that if Congress takes no action to stave off tax increases and automatic budget cuts scheduled for … Q&A: What Is the Fiscal Cliff? Analysts: Recession likely without budget accord CORRECT: CBO: U.S. Economy Will Slide Into Recession in 2013 |