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The epic economic swoon that has followed thecoronavirus pandemic could haunt the U.S. for as long as a decade, with the Congressional Budget Office peggingthe cost at nearly $16 trillion by 2029.The CBO, which had already issued a report forecasting a severe economic impact over the next two years, expanded that forecast to show that the severity of the economic s stanley cup hock could depress growth for far longer.The new estimate said that over the 2020-2030 period, total GDP output could be $15.7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade. Already, the economic shock of lockdowns and a steep drop in consumer spending has rippled through the economy, with more than 42 million workers losing their jobs since thecoronavirusbrought the U.S. to a standstill. Business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce U.S. investment in the energy sector, CBO Director Philip Swagel said in a letter. New CBO analysis predicts lasting GDP losses from the crisis. In this quarter alone, the loss is $800bn relative to pre-crisis expec stanley cup tations. That s a 13% loss of real GDP and about $3,000 per 16+ person.https://t.co/Dt61B0Phdnmdash; Jared Bernstein @econjared June 1, 2020 After adjusting for inflat stanley cup ion, CBO said the lost output would total $7.9 trillion, a loss of 3% Mkvq Apple CEO rips religious freedom legislation
BUTLER, Pa. -- A western Pennsylvania woman who was seven months pregnant is facing charges after she allegedly overdosed on heroin, forcing doctors to deliver her baby prematurely, CBS Pittsburgh reports. Deadliest drugs 21 photos According to police, Kasey Dischman, 30, was found unresponsive in her East Butler apartment in the early morning hours of June 23.Dischman was found by her boyfriend, who said he kicked in a bathroom door, found her on the floor and then called 911. After being transported to Butler Memorial Hospital, Dischman went into cardiac arrest and needed to be revived in the emergenc stanley cup y room.3 ways to help stop the opioid epidemicMissouri AG sues 3 drug companies over state s opioid crisisAs Dischman was transferred to Pittsburgh s UPMC Mercy Hospital unconscious and on a respirator, police with a sear jordan ch warrant found a needle hidden in the bathroom of her apartment. According to the criminal complaint, medical reco ugg rds show Dischman tested positive for opioids and alcohol. Kentucky paramedics rush to as many as 25 drug overdoses a day 03:45
The epic economic swoon that has followed thecoronavirus pandemic could haunt the U.S. for as long as a decade, with the Congressional Budget Office peggingthe cost at nearly $16 trillion by 2029.The CBO, which had already issued a report forecasting a severe economic impact over the next two years, expanded that forecast to show that the severity of the economic s stanley cup hock could depress growth for far longer.The new estimate said that over the 2020-2030 period, total GDP output could be $15.7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade. Already, the economic shock of lockdowns and a steep drop in consumer spending has rippled through the economy, with more than 42 million workers losing their jobs since thecoronavirusbrought the U.S. to a standstill. Business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce U.S. investment in the energy sector, CBO Director Philip Swagel said in a letter. New CBO analysis predicts lasting GDP losses from the crisis. In this quarter alone, the loss is $800bn relative to pre-crisis expec stanley cup tations. That s a 13% loss of real GDP and about $3,000 per 16+ person.https://t.co/Dt61B0Phdnmdash; Jared Bernstein @econjared June 1, 2020 After adjusting for inflat stanley cup ion, CBO said the lost output would total $7.9 trillion, a loss of 3% Mkvq Apple CEO rips religious freedom legislation
BUTLER, Pa. -- A western Pennsylvania woman who was seven months pregnant is facing charges after she allegedly overdosed on heroin, forcing doctors to deliver her baby prematurely, CBS Pittsburgh reports. Deadliest drugs 21 photos According to police, Kasey Dischman, 30, was found unresponsive in her East Butler apartment in the early morning hours of June 23.Dischman was found by her boyfriend, who said he kicked in a bathroom door, found her on the floor and then called 911. After being transported to Butler Memorial Hospital, Dischman went into cardiac arrest and needed to be revived in the emergenc stanley cup y room.3 ways to help stop the opioid epidemicMissouri AG sues 3 drug companies over state s opioid crisisAs Dischman was transferred to Pittsburgh s UPMC Mercy Hospital unconscious and on a respirator, police with a sear jordan ch warrant found a needle hidden in the bathroom of her apartment. According to the criminal complaint, medical reco ugg rds show Dischman tested positive for opioids and alcohol. Kentucky paramedics rush to as many as 25 drug overdoses a day 03:45