Budget experts say cuts would reduce deficit but cause recession

Thursday, November 8, 2012 | 9:26 p.m. CST

WASHINGTON — Austere "fiscal cliff" tax increases and spending cuts set for the end of the year would send the economy back into recession and cause a spike in the jobless rate to 9.1 percent if lame-duck lawmakers and the White House can't head them off, congressional budget experts said in a dire analysis Thursday.