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CBO: A third of 2012 deficit cyclical

by Bernie Becker - 10/04/11 9:39 PM ET
by Bernie Becker - 10/04/11 9:39 PM ET

In his letter, Elmendorf also says that his office’s estimate did not deal with issues like inflation that aren’t totally cyclical.

{mosads}The message was released roughly seven weeks before Van Hollen and the other 11 supercommittee members have to unveil their $1.2 trillion in deficit cuts.

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