- Deficit seen at $1.1 trln
- Unemployment seen rising to 8.9% in 2012. up to 9.2% in 2013
- GDP seen at 2% this year and lower in 2013
Grim reading, and one reason why US 10-year notes trade with a 1.79% handle…
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CBO numbers don’t make for much of a reelection manifesto
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