A new report predicts the U.S. economy and jobs market will take years to recover from the coronavirus economic crash. However, gross domestic product (GDP) will return to pre-COVID levels, in part due to government stimulus packages, by mid-2021. Get the Full Story Complete the...
The annual U.S. budget deficit rose above $3 trillion for the year ending in June amid plummeting tax revenues due to mass unemployment and shuttered businesses during lockdown periods, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
For the Congressional Budget Office (CBO), the glass is half full. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
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. Get the Full Story Complete the form to unlock this...
March 26, 2025
The Congressional Budget Office (CBO) said Wednesday (March 26) that if the debt limit is not raised or suspended, the government’s ability to borrow will probably be exhausted in August or September. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]
February 01, 2021
A new report predicts the U.S. economy and jobs market will take years to recover from the coronavirus economic crash. However, gross domestic product (GDP) will return to pre-COVID levels,...
July 13, 2020
The annual U.S. budget deficit rose above $3 trillion for the year ending in June amid plummeting tax revenues due to mass unemployment and shuttered businesses during lockdown periods, The...
July 02, 2020
For the Congressional Budget Office (CBO), the glass is half full. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
