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Business Report: Congressional Budget Office Updates Economic Forecast

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VIDEO: Friday Business Report: Congressional Budget Office Updates Economic Forecast

Warnings From The Congressional Budget Office

A report from the Congressional Budget Office this week shows growth at 3.1%, lower than the recently projected 3.3%. And a decline in growth in 2019 to 2.4%, and down to 1.7% in 2020.

But the even bigger warning is about the deficit. It's at $800 billion this year, double what it was in 2016. It's on track to hit $1 trillion by 2020.

Amazon Interested In Landmark Theatres

Amazon is already in the content creation business and the streaming business, but now it could be in the running to buy a chain of movie theaters. Amazon is reportedly interested in buying Landmark Theatres, a California-based chain with two locations in San Diego.

Should this sale go through, Amazon would be coming out of the virtual world of internet sales and into a physical location, much like it did with Whole Foods. The theaters could be a ready-made distribution chain for products Amazon already makes.