The Congressional Budget Office has just released the update to its Economic and Budget Outlook.

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Several congressmen from the Committee on Oversight and Government Reform sent an exasperated October 25 letter (their second appeal) to the Office and Management and Budget demanding a staff update this week.

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The Fed chairman usually testifies before the House Budget Committee in mid-January to give the panel an economic update before the president submits his budget request to Congress.

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Mr Teare said an update to that budget plan was necessary after his office received departmental spending bids for the next financial year.

BBC: Minister says benefits and staff costs must be resolved

As they were speaking, the Congressional Budget Office released its own fiscal update for the next decade.

FORBES: CBO Report Highlights America's Problem: The Income Tax Can't Fund The Government We Want

In early October the Treasury released a pre-election economic and fiscal update indicating that after 14 years in surplus the budget balance was set to slip into deficit.

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In his reply, Mr Brown said the Treasury would update its predictions about the economy and public finances in the pre-Budget statement, expected next month.

BBC: Straw optimistic on UN resolution

This year, Nokia is going both premium with its large Lumia 900 phone, and budget with a promise of a range of cheaper and simpler phones (now that the "Tango" update of Windows Phone is becoming available).

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