The Congressional Budget Office (CBO) has released its updated 10-year Budget and Economic Outlook, predicting an unemployment rate of 5.1% this year and high interest rates and inflation. In response, Senate Majority Leader Chuck Schumer (D-N.Y.) has made clear that Democrats won't accept cuts to Medicaid, the government health insurance program for low-income Americans. The report serves as a reminder of the need to protect Medicaid and other safety net programs to ensure an equitable and sustainable economic recovery.
