The Congressional Budget Office (CBO) has conducted an assessment of the Journalism Competition and Preservation Act (JCPA), a bill pushed by lobbyists for the legacy corporate media that would allow the industry to form a cartel to pressure tech companies for financial handouts and other favors. The assessment is a sure sign that legacy media's friends in Congress are refusing to accept defeat.
On Tuesday's broadcast of CNBC's "Squawk Box," Congressional Budget Office (CBO) Director Phillip Swagel said that "we've seen the downsides" of massive | Clips
Spending would fall by $1.3 trillion, debt service costs would decline, and IRS funding cuts would reduce revenues, the CBO said Tuesday night. | Economy