PYMNTS-MonitorEdge-May-2024

Congressional Budget Office

Government Aid Expected To Spur Economy To Pre-COVID Peak In Mid-2021
Government Aid Expected To Spur Economy To Pre-COVID Peak In Mid-2021
February 01, 2021  |  Economy

A new report predicts the U.S. economy and jobs market will take years to recover from the coronavirus economic crash. However, gross domestic product (GDP)...

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US Deficit Now At $3T With Stimulus Spending
US Deficit Now At $3T With Stimulus Spending
July 13, 2020  |  Economy

The annual U.S. budget deficit rose above $3 trillion for the year ending in June amid plummeting tax revenues due to mass unemployment and shuttered...

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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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