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CBO Report Shows We Must Avoid Austerity Measures that Would Slow Economic Growth

Statement

Date: May 14, 2013
Location: Washington, DC
Issues: Government Budget and Spending

Today Maryland Congressman Chris Van Hollen, Ranking Member of the House Budget Committee, issued the following statement on the updated budget projections from the Congressional Budget Office (CBO):

"The good news from today's CBO report is that the near-term deficit is improving, but much of the improvement is a result of temporary factors. We must avoid austerity measures that would slow job growth in the short term, as we also work to reduce the long-term deficit in a balanced way. We should go to budget conference immediately to forge a path forward, create certainty for families and small businesses, and avoid self-inflicted economic wounds."


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