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FBN's Peter Barnes on the CBO's outlook for the economy if the fiscal cliff isn't addressed.
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Five.
We're getting new details on today.
Congressional Budget Office released on the danger of the fiscal -- -- bonds as at the CBO right now Peter twenty year.
What vegan Doug Alvin -- the CBO director just finishing up his briefing at which he said that if congress does not fix the fiscal cliff with the White House that could -- the economy.
Back into a significant recession in the first half of next year.
And he just also added that as a result of that the economy could lose about two million jobs.
Because of this so lower -- have a recession and lower economic growth.
That the CBO is forecasting now.
From this from the fiscal -- -- -- -- thank you so much for that and we can't say recession that would happen cracked 2013.
That's right they're predicting a recession in the first half of -- thirteen decline of about.
3%.
In GDP on an annual rate if the fiscal cliff takes effect that's tough -- thank you so much for that reporting Peter Barnes and wash.
