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 Congressional Budget Office said Monday (June 1), according to CNBC. That number includes the rescue funding approved thus far by...
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 they will get any money from the government’s relief package. Plus, the Congressional Budget Office is expecting GDP to fall...
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 Phill Swagel said in a blog on Thursday (April 2). Considering the disruption of daily business combined with a boost...
A new report says that the government shutdown has cost the country about $11 billion in gross domestic product — and will impact the United States’ economic growth for the rest of the year. In a report released on Monday (January 28), the Congressional Budget...
July 02, 2020
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 nation tries to rebound from the worst devastation since World War II, the economy will grow during the third quarter, July through September. The CBO estimated gross domestic product (GDP), […]
June 01, 2020
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 Congressional Budget Office said Monday...
April 02, 2020
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 Phill Swagel said in a...
January 29, 2019
A new report says that the government shutdown has cost the country about $11 billion in gross domestic product — and will impact the United States’ economic growth for the...
