Press Release: July 2, 2020
Hoyer Statement on the CBO's Ten-Year Economic Outlook Report
Today’s updated Economic Outlook by the nonpartisan Congressional Budget Office (CBO) should serve as a call to action. CBO unambiguously projects a challenge of unprecedented scale and scope. Even after the extraordinary economic response in the CARES Act, unemployment will remain much higher and economic activity much lower for far longer than should be acceptable to any of us.