This week CBO released a preview of its annual Budget and Economic Outlook for the 2016-2026 period. If the 2016 deficit projection is accurate, this will be the first time that it has risen in relation to the size of the economy since peaking at 9.8 percent in 2009.
This week the Congressional Budget Office (CBO) released a preview of its annual Budget and Economic Outlook for the 2016-2026 period. The complete report, which updates projections made last January, will be released next week for use by the congressional budget writing committees that aid Congress in the drafting of a fiscal blueprint for FY 2017.According to CBO, the 2016 deficit will be $544 billion or $105 billion more than last year. This equates to 2.9 percent of the...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
