Congress warned of recession from budget stalemate

Published



WASHINGTON (AP) — A stalemate between Democrats and Republicans that ends up boosting taxes and slashing federal spending in January would likely thrust the nation into a 2013 recession and cost 2 million jobs by the end of that year, Congress’ top nonpartisan budget analyst warned Wednesday.

The cautionary report by the Congressional Budget Office, drearier than a similar alarm it issued in May, immediately raised the political stakes in one of this election year’s signature conflicts between the two parties.

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