Senate Budget Committee

@SenateBudget ↗

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Thu Jul 02 19:25:50 +0000 2020

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Senate Budget Committee @SenateBudget

Relative to January projections, over the decade, output is now projected to be $17.5 trillion trillion lower. The component parts are: -$13.8 trillion consumption -$3.1 trillion investment -$2.2 trillion government +$1.5 trillion net exports Additional stimulus is necessary. https://t.co/kCw2j0Mj37 — PolitiTweet.org

Posted July 2, 2020

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Senate Budget Committee @SenateBudget

CBO projects that real potential gross domestic product will remain permanently lower than projected just this past January. https://t.co/bU7MdpAXXh — PolitiTweet.org

Posted July 2, 2020

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Senate Budget Committee @SenateBudget

CBO projects that, absent additional aid, the unemployment rate will still be 7.6 percent by the end of 2021. This underscores the need to give more aid directly to individuals and to extend the Pandemic Unemployment Assistance program. https://t.co/yU54uAZpw5 — PolitiTweet.org

Posted July 2, 2020