A key report to the U.S. Congress will be late, said the Congressional Budget Office (CBO). In a letter to the chairman of the Senate Budget Committee, Sen. Mike Enzi (R-WY) the CBO said its summer update of its 10-year budget and economic projections will be delayed until Sept. 7. The CBO is “working to inform the Congress about the rapidly evolving economic and budgetary consequences of the 2020 coronavirus pandemic and to support the legislative process as the Congress confronts those challenges,” the letter said. The summer update usually builds on projections reported in the spring, but the 2020 spring update excluded the pandemic impact, making it an unrealistic basis for analysis.
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