See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

CBO Sees a Stronger U.S. Recovery After Stimulus Moves in 2020

Posted on AllSides February 1st, 2021
From The Left

The Congressional Budget Office said it sees the U.S. economy recovering from the coronavirus pandemic much faster than previously expected -- an upgrade that potentially complicates prospects for President Joe Biden’s $1.9 trillion relief plan.

The CBO, a nonpartisan arm of the legislature, forecasts gross domestic product will increase 1.7% annually from 2020-2024, according to its economic outlook released Monday. That’s a 0.7 percentage point increase from the previous expectation released in July, months before Covid-19 vaccines were shown to be effective and approved for use, which put the pandemic’s...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right