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CBO Warns of Deep Recession
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Description
FBN’s Adam Shapiro on the CBO’s prediction of the economic consequences of the fiscal cliff.
- Duration 0:55
- Date Aug 22, 2012
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Transcript
This transcript is automatically generated
-- -- -- -- -- Fox Business -- the Congressional Budget Office warned today that country could go into recession if lawmakers.
Allow it to go off the fiscal -- the nonpartisan CBO says spending cuts and tax hikes.
Set to start next year we'll do more harm to the economy than originally predicted.
The CBO also says failure to avoid the fiscal cliff.
We'll -- gross domestic production to -- half a percent and eliminate up to two million jobs.
The multi billion dollar patent trial between apple and Samsung is now in the hands of a California jury.
Big companies have been in a heated battle in which -- accused Samsung of violating numerous patents for its iPad and iPhone.
Negotiations on a new collective bargaining agreement between the National Hockey League and the union represented players and were called off for today no reason was given for the sudden cancellation the talks are scheduled to resume Thursday the current agreement expires September 15.
