2012 Budget and Economic Outlook
Douglas W. Elmendorf held a news conference on the projected economic outlook and budget deficit for fiscal year 2012. The agency shows the … read more
Douglas W. Elmendorf held a news conference on the projected economic outlook and budget deficit for fiscal year 2012. The agency shows the deficit falling to $1.08 trillion from $1.3 trillion in fiscal year 2011. Mr. Elmendorf also said he expects unemployment to remain around 8.9 percent in 2012 and that economic growth will remain slow. close
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