No recession expected this year: Congressional Budget Office
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The slowing U.S. economy is unlikely to sink into an election-year recession and an economic rebound could begin as early as next year as housing and financial market turmoil fades, the Congressional Budget Office forecast on Wednesday.
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Americans are right to be concerned  about the long-term impact of budget deficits projected to  reach $2.3 trillion over the next decade, but there is little  near-term danger of an economic catastrophe, the head of the  Congressional Budget Office said on Tuesday.
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The United States is experiencing a "significant" housing market downturn but the economy is fundamentally sound and should avoid recession, Treasury Secretary Henry Paulson will tell Congress on Thursday.
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.
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By Alwyn Scott, Seattle Times  Sep. 21--Washington's economy is slowing, but a recession is still considered unlikely until at least 2008, according to the latest state forecast.
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Housing activity has slowed from recent years but the dragdown should not lead to a recession, mortgage finance company Freddie Mac  said on Thursday in its monthly economic outlook.
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A stimulus package to boost the U.S. economy and avoid a full-fledged recession could be ready by the beginning of March, a senior Democratic lawmaker said on Sunday.
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The United States economy is unlikely to slip into recession, Abby Joseph Cohen, chief investment strategist at Goldman Sachs, said in remarks published on Friday.
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While the U.S. economy is at some  risk of a slowdown, it will probably avoid a recession, and any  downturn is unlikely to be severe, Dallas Fed President Richard  Fisher said on Thursday.
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The Congressional Budget Office is projecting this election-year&#39;s federal deficit will reach a record $422 billion, congressional aides said
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The White House is betting that the steps it has taken to address the housing and financial crises will be enough to avert a recession without resorting to a major tax cut or new spending, as leading economists in both parties have urged, senior administration officials said.
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A look at projected spending for the government's 2005 budget year, which began Oct. 1, and in 2014, according to the nonpartisan Congressional Budget Office.
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Highlights of what Congress has done &#151; and has not done &#151; this year.
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After a year of bitter wrangling and partisan gridlock, President Bush and Democratic congressional leaders vowed before the holidays to try to work more closely together in the new year. Now, with economic anxiety on the rise and experts warning of recession, the two sides face the first test of...
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Treasury Secretary Henry Paulson on Wednesday stood by his view that the U.S. economy will avoid recession this year and said the Treasury will act quickly to distribute tax rebate payments.
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The United States will enjoy solid  growth, low inflation and falling unemployment next year, the  White House said on Friday in its official economic forecast  that would normally not be released until February.
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The new Hungarian government has acknowledged it will not hit its budget deficit target this year, Hungarian television reported Thursday.