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Economy To Slow This Year As The Government Tightens, CBO Says

While the economy will benefit from continued improvement in "underlying" conditions, the federal government's push to tighten its spending will slow overall growth in 2013, the Congressional Budget Office projects.

In an updated "Budget and Economic Outlook" reported released Tuesday afternoon, the agency forecasts:

-- 1.4 percent growth in gross domestic product this year, vs. 2.3 percent in 2012.

-- 2.6 percent growth in 2014.

-- 4.1 percent growth in 2015.

Meanwhile, the unemployment rate won't come down much:

-- It's expected to average 7.9 percent this year, vs. 8.1 percent in 2012.

-- 7.8 percent in 2013.

-- 7.1 percent in 2015.

As we reported earlier, the CBO's projections and the threat deep spending cuts could pose to the economy are among the reasons President Obama today urged Congress to pass a smaller package of spending reductions and tax changes that would take effect before the automatic "sequestration" takes effect on March 1.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

'The Innocent Have Nothing To Fear' Echoes Real-Life Republican Race

NPR's Ari Shapiro talks with Stuart Stevens, a former strategist for Mitt Romney, whose new novel, The Innocent Have Nothing to Fear, tells the story of a neck-and-neck Republican primary campaign that ends up at a brokered convention.
WAMU 88.5

How History Influences Diets In D.C. And Around The World

Kojo and chef Pati Jinich look at how history -- and famous names like El Chico, Azteca and even Fritos -- shaped modern Mexican-American cooking in the Washington region and beyond.

WAMU 88.5

Implications Of The Supreme Court's Immigration Ruling

Many undocumented immigrants are living in fear after a Supreme Court ruling effectively barred deferred deportation for 4 million people. What the ruling means for families across the country and how immigration policy is playing out in 2016 election politics.

NPR

Click For Fewer Calories: Health Labels May Change Online Ordering Habits

Will it be a hamburger or hummus wrap for lunch? When customers saw indications of a meal's calorie content posted online, they put fewer calories in their cart, a study finds.

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