Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Reveal Navigation

Congressional Budget Office Predicts $1.3T Deficit in 2011, Third Largest in 65 ... Congressional Budget Office Predicts $1.3T Deficit in 2011, Third... Congressional Budget Office Predicts $1.3T Deficit in 2011, Third Larg... Congressional Budget Offi...

share
This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Budget / BUDGET

Congressional Budget Office Predicts $1.3T Deficit in 2011, Third Largest in 65 Years

August 24, 2011

The Congressional Budget Office is now predicting a federal deficit of $1.3 trillion for 2011, according to its latest mid-term outlook, marking the third-largest shortfall in the last 65 years.

The gross domestic product is expected to increase by 2.3 percent this year and 2.7 percent for 2012. The national unemployment rate, according to CBO data, should remain above 8 percent until 2014.

The CBO also expects the unemployment rate to drop from 9.1 percent in the second quarter of 2011 to 8.5 percent by the end of next year.

 

Infographic

You May Find These of Interest
Get us in your feed.
Job Board
Search Jobs
Watershed Resources Specialist
American Society of Civil Engineers | San Francisco, CA
Project Manager II
American Society of Civil Engineers | Memphis, TN
Manager of Engineering
American Society of Civil Engineers | Berkeley, CA
Mechanical Engineer - Dallas, TX
American Society of Civil Engineers | Dallas, TX
SENIOR STRUCTURAL ENGINEER / ENGINEERING PRODUCTION MANAGER
American Society of Civil Engineers | Boulder, CO
Senior GCP Auditor
American Society of Civil Engineers | San Francisco, CA
Structural Engineer
American Society of Civil Engineers | Orlando, FL
Construction Engineering
American Society of Civil Engineers | Chicago, IL
Concrete Testing Technician & Special Inspectors
American Society of Civil Engineers | New York, NY
SharePoint Specialist - Englewood, CO
American Society of Civil Engineers | Englewood, CO
Construction Engineer
American Society of Civil Engineers | Cleveland, OH
Rail Vehicle Mechanical Engineer - Elmira, NY
American Society of Civil Engineers | Philadelphia, PA
Structural Engineer
American Society of Civil Engineers | Chicago, IL
Engineering Manager
American Society of Civil Engineers | Springfield, VA
 
Comments
comments powered by Disqus