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Economy Is Rebounding Faster Than Expected, C.B.O. Says: Live Updates


Here’s what you need to know: A shuttered business in Los Angeles. It may take years to return to the pre-pandemic levels of employment.Credit…Kendrick Brinson for The New York TimesThe American economy will return to its pre-pandemic size by the middle of this year, even if Congress does not approve any more federal aid for the recovery, but it will be years before everyone thrown off the job by the pandemic is able to return to work, the Congressional Budget Office projected on Monday.The new projections from the office, which is nonpartisan and issues regular budgetary …

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