New projection: 2.3 million fewer people working in 2010 | KeithHennessey.com: "Yesterday the Congressional Budget Office released their “summer update” publication, in which they update their baseline budget and economic projections for changes in the economy and legislation enacted so far this year. The Administration also released their “Mid-Session Review” publication, which makes similar updates for the President’s policy proposals.
Most of the press coverage focused on the updated budget deficit projections. I instead want to draw your attention to one component of the new CBO economic forecast.
We know of two big changes since CBO published their January baseline projection:"
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