CBO

CBO: US GDP Will Grow 12 Pct In 2020
CBO: US GDP Will Grow 12 Pct In 2020
July 02, 2020  |  Economy

For the Congressional Budget Office (CBO), the glass is half full. The federal agency that provides budget and economic information to Congress predicted as the...

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Coronavirus’ Economic Impact Could Last 10 Years, Cost $8 Trillion
Coronavirus’ Economic Impact Could Last 10 Years, Cost $8 Trillion
June 01, 2020  |  Economy

The final financial toll of the coronavirus will likely be a reduction of $7.9 trillion to the U.S. gross domestic product (GDP) until 2030, the...

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Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
Today In Payments: Airbnb Drops Internal Valuation 16 Pct; Gig Workers’ Unemployment Benefits In Question
April 03, 2020  |  News

In today’s top news, Airbnb has lowered its internal valuation 16 percent as lockdowns continue to hammer business, and gig workers face uncertainty over how...

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CBO Expects GDP To Fall 7 Pct. In Q2
CBO Expects GDP To Fall 7 Pct. In Q2
April 02, 2020  |  Coronavirus

The Congressional Budget Office (CBO) is anticipating a grim second quarter this year as the economy sputters amid coronavirus-related layoffs and business closures, CBO director...

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Gov’t Shutdown Costs Creep To $11B
Gov’t Shutdown Costs Creep To $11B
January 29, 2019  |  Economy

A new report says that the government shutdown has cost the country about $11 billion in gross domestic product — and will impact the United...

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