News
Market Watch | Fiscal cliff would lead to 2013 recession: CBO
The U.S. government will run a budget deficit of $1.1 trillion in fiscal 2012, or 7.3% of gross domestic product, the Congressional Budget Office estimated in a new report on Wednesday.
WSJ | Greece Faces New Pressure on Cuts
European Official Says Decision on Extending Deadlines for Overhauls Will Come After Creditors Visit.
Econ Comments & Analysis
Heritage Foundation | CBO Budget Update: Historic Deficits Continue, Recession Threatens in 2013
Three key messages emerge from the updated budget outlook released today by the Congressional Budget Office...
Daily Finance | Which Country Goes Bankrupt Next? (Hint: It's Not Who You Think)
According to The Wall Street Journal, Belize is telling its creditors that unless they write off 45% of its debt, or give it a 15-year holiday from debt payments, the country will default on the whole shebang.
CBO | Baseline Economic Forecast—August 2012
This file supplements information in CBO's August 2012 report An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022.
Blogs
Marginal Revolution | The fiscal cliffet
"Even if the Bush tax cuts are extended and the sequester delayed, a huge amount of fiscal drag remains in place..."
