No. 604: GDP Revision, GAAP-Based Federal Accounting

(SGS Subscription required) • Third-Quarter GDP Downside Revision Was Consistent with Same Reports Signaling a First-Quarter 2014 Contraction
• Renewed Economic Downturn Would Balloon the Budget Deficit
• 2013 GAAP-Financial Reporting for U.S. Government Published; Fiscal Conditions Remain a Disaster

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