CBO estimates coronavirus could cost U.S. nearly $16 trillion in economic growth over the next decade
Jun 01, 2020
In response to a request from Senate Minority Leader Chuck Schumer (D-N.Y.), Phillip Swagel, the director of the Congressional Budget Office, outlined Monday what the next decade could look like for the United States if current economic trends continue.
In his letter, Swagel said the coronavirus pandemic prompted the CBO to significantly alter their economic projections in the span of a few months.
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