The Full Feed from HuffingtonPost.com: Fiscal Cliff Deal Leaves Big Deficits In Place If Congress Fails To Follow Up: CBO

The Full Feed from HuffingtonPost.com The Full Feed from HuffingtonPost.com

Fiscal Cliff Deal Leaves Big Deficits In Place If Congress Fails To Follow Up: CBO Jan 5th 2013, 01:20 WASHINGTON — Legislation passed this week to avert the "fiscal cliff" could still leave in place deficits averaging more than $900 billion a year over the coming decade if Congress fails to follow its tax increases up with further spending cuts or tax hikes, the nonpartisan scorekeeper for Congress said Friday. The Congressional Budget Office also says the measure should reduce the risk of recession this year by not slamming the economy with a huge tax increase. Read More... More on Fiscal Cliff

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