Federal Budget and the Economy
Doug Elmendorf testified on the effect of the federal budget on the economy, and various strategies for dealing with the long-term debt and … read more
Doug Elmendorf testified on the effect of the federal budget on the economy, and various strategies for dealing with the long-term debt and unemployment. In his testimony he said he expected the unemployment rate to hover around 9 percent through the end of 2012 and that the country was only about half-way through its economic slump. close
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