A new report by the Congressional Budget Office (CBO) concluded that if the Bush-era tax breaks and looming spending cuts are not dealt with before the New Year, we will fall off the so-called “fiscal cliff” and end up with a jobless rate of 9.1 percent by next fall along with a shrinking economy.
Tag Archives: Populorum Progressio
Pope’s Third Encyclical is Imminent
By Susan Brinkmann, OCDS
Staff Writer
During a mid-day address to pilgrims in St. Peter’s Square on the Solemnity of the Feasts of St. Peter and Paul, Pope Benedict XVI announced that the publication of his third encyclical is “now imminent.”
