Wednesday, May 16, 2012

‘Fiscal Cliff’ Could Shrink US GDP Growth By 4%: Goldman Sachs

CNBC reports:
The United States’ economy could shrink as much as 4 percentage points in the first half of 2013 if Congress fails to address the expiration of $600 billion worth of tax breaks and jobless benefits by the end of this year, according to Goldman Sachs.