The Budget and Economic Outlook: Fiscal Years 2013 to 2023

Economic growth will remain slow this year, CBO anticipates, as gradual improvement in many of the forces that drive the economy is offset by the effects of budgetary changes that are scheduled to occur under current law. After this year, economic growth will speed up, CBO projects, causing the unemployment rate to decline and inflation and interest rates to eventually rise from their current low levels. Nevertheless, the unemployment rate is expected to remain above 7½ percent through next year; if that happens, 2014 will be the sixth consecutive year with unemployment exceeding 7½ percent of the labor force—the longest such period in the past 70 years.

Online survey for defense financial managers

ASMC, along with Grant Thornton LLP, is doing an online survey of defense

financial managers. This Defense Financial Management community survey

should take only a few minutes to complete, and asks respondents about

issues facing the financial community that relate to cost management and



Three ASMC chapters with the highest percentage response rate to this survey

will receive a cash award, so be sure to pass this survey link along to your



1st - $300

2nd - $200

3rd - $100



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