September 16, 2019

Budget (CBO Update); Farm Bill; Ag Economy; CFTC (MF Global); and Trade

Categories: Budget /Farm Bill

Budget: CBO Update

Robert Pear reported in today’s New York Times that, “The Congressional Budget Office said Tuesday that the economy would remain sluggish, with high unemployment, and that the federal budget deficit would exceed $1 trillion in 2012 for the fourth consecutive year.

“The deficit will be $1.1 trillion in the current fiscal year, about $200 billion less than in 2011, and will fall sharply in the next three years as a result of tax increases and spending cuts required by existing law, the agency said in its annual report on the budget and economic outlook.”