NEWS

New CBO Deficit Projections Signal U.S. Economy in Even Worse Shape Than Previously Thought

03/20/2009

Americans United for Change, which is helping lead a major national campaign to pass President Obama’s historic budget plan along with nearly 100 leading labor, environmental and progressive organizations, issued the following statement today in response to alarming new figures from the Congressional Budget Office that project a substantially higher federal deficit than previously estimated. 

Tom McMahon, Acting Executive Director, Americans United for Change: "The sobering new deficit projections deliver a stark message that the economy is in even worse shape than was previously thought.  It also underscores the urgent need to pass the bold initiatives on healthcare, education, energy and the economy laid out the President’s budget."