You won't black out or pass out from alcohol use. You won't be arrested for an alcohol related dui. Oh, look at all the things you will miss out on if you don't drink. In all seriousness, life without alcohol may be much simpler (in a good way).
Definition: The Congressional Budget Office (CBO) is a bipartisan agency that analyzes the economy for the U.S. Congress. It also assists the House and Senate Budget Committees. It reviews the President's annual budget. That's submitted by the Office of Management and Budget (OMB) each February.
From the earlier projection to the later one, CBO reduced by 7.3 percent the amount it projects for potential GDP in 2017. That calculation excludes changes in CBOâs projection that arise from the recent revisions (described below) to the definition of GDP by the Commerce Departmentâs Bureau of Economic Analysis (BEA).