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The Congressional Budget Office said Monday that the U.S. economy could be .7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus.The CBO, which had already issued a report forecasting a severe economic impact over the next two years, expanded that forecast to show that the severity of the economic shock could depress growth for far longer.The new estimate said that over the 2020-2030 period, total GDP output could be .7 trillion lower than CBO had been projecting as recently as January. That would equal 5.3% of lost GDP over the coming decade.After adjusting for inflation, CBO said the lost output would total .9 trillion, a loss of 3% of inflation-adjusted GDP.CBO called this a “significant markdown” in GDP output as a result of the pandemic.“Business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce U.S. investment in the energy sector,” CBO Director Philip Swagel said in a letter.“Recent legislation will, in CBO’s assessment, partially mitigate the deterioration in economic conditions,” Swagel said in the letter to Sens. Chuck Schumer, D-N.Y., and Bernie Sanders, I-Vt. The two had requested the information as a way to pressure Republicans to follow the lead of the House and pass more economic relief.“Last week we learned that over 40 million Americans lost their jobs as a result of this horrific pandemic,” Schumer and Sanders said in a joint statement. “Today, the CBO tells us that if current trends continue, we will see a jaw-dropping trillion reduction in economic growth over the next decade.”Schumer and Sanders said Republicans should stop blocking legislation to provide more assistance given that 40 million workers have lost their jobs already.“In order to avoid the risk of another Great Depression, the Senate must act with a fierce sense of urgency,” Schumer and Sanders said.The CBO is forecasting that the GDP, which shrank at a 5% rate in the first three months of this year, will fall at a 37.7% rate in the current April-June quarter, the biggest quarterly decline on record.The CBO also issued a separate report detailing a cost estimate for a .4 trillion COVID-19 rescue bill that passed the Democratic-controlled House in mid-May. That legislation is built around 5 billion in aid to state and local governments, another ,200 payment to most American workers, and additional aid to colleges and local school districts. The price tag is slightly higher than a back-of-the-envelope figure provided by Democrats when the measure passed.Senate Republicans have dismissed the proposal as a wish list but have yet to unveil any proposal to counter it. 2817

The coming Atlantic hurricane season is predicted to be near normal, with nine to 15 named storms, including four to eight hurricanes, the National Oceanic and Atmospheric Administration, or NOAA, announced Thursday.Two to four of those hurricanes are expected to grow to Category 3 or stronger, NOAA said of the season, which officially begins June 1. Those storms carry winds greater than 110 mph.The forecast follows last year's above-average season, in which hurricanes Florence and Michael slammed US coastlines with devastating effect. An average season has 12 named storms, with six hurricanes, including three major hurricanes of Category 3 strength or greater.Though the Atlantic storm period doesn't start until next week, this year's season already has 776

The 2020 Democratic field may have gained a contender Thursday with Beto O'Rourke -- but it officially lost an eligible bachelor in Cory Booker.Actress and activist Rosario Dawson confirmed Thursday rumors that the two are dating, telling 251

The dreaded parking ticket: You see them placed on vehicles all the time. But Washington, D.C. residents may starting seeing more — from their neighbors, not just traffic officers.Councilman Charles Allen created the idea of DC's citizens handing out tickets. About 80 people around the district would be trained and certified to issue tickets, and use a mobile app to take a photo of the violation. The ticket would be issued in the postal mail."When someone is creating an immediate safety hazard there needs to be a consequence," Allen said. "So having the ability to have more essentially enforcement take place, all those little violations that are happening all the time, that impact our safety, that make our streets less safe — to be able to have enforcement be magnified is part of having safer streets."Residents aren't so sure about the idea. Some think the idea of a citizen giving another a ticket could create violence. Others say they like that council members are at least trying to think of a plan to help with parking woes in the nation's capital.If passed, the plan would go through a trial period. The idea is part of a larger bill to make streets safer after a series of deadly crashes involving pedestrians and cyclists. The proposal includes decreasing speed limits, adding new sidewalks and bike lanes as well as better crosswalk markings.A vote is not expected until later this year. 1420

The CEO of Girl Scouts of Greater New York says it's so much more than what's your favorite cookie.They're creating future leading businesswomen of America.Think of it this way: these girls launch their own cookie selling companies by setting their own goals, making their own budgets for their troop and deciding how to spend the money they've earned.The selling season starts Friday.This article was written by Shirley Chan for 442