[DanZ]

The National Bureau of Economic Research (NBER), the entity responsible for declaring recessions, uses several factors to determine when there is a recession.

[DanZ]

National Bureau of Economic Research (NBER) - They always call the start of a recession at about the time we are exiting a recession - ALWAYS

[kabar]

The federal deficit is projected to be over $1 trillion each year for the next 10 years according to the Office of Management and Budget (OMB) in its annual Mid-Session Review (MSR) released last week. The report, which takes into account the Administration’s economic forecast and assumes the President’s legislative agenda is enacted, expects the current fiscal year to end with a deficit of $1 trillion.