CBO Warns of Recession, $1.1 Trillion Deficit

CBO Warns of Recession, $1.1 Trillion Deficit Play

Aug. 22 (Bloomberg) -- The Committee for a Responsible Federal Budget's Maya Macguineas talks about the U.S. budget deficit and the CBO's report that allowing the "Fiscal Cliff" combination of scheduled spending cuts and tax increases would send the economy into recession. She speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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