Their explanation is here.
And it's completely stupid, as usual from these people, for whom a recession constitutes "dire consequences" and is unthinkable.
CNBC should consider that sequestration was passed by the Congress, and that the expiration of the Bush tax cuts was passed by the Congress. So to oppose these acts of Congress instead of simply reporting them as facts constitutes advocacy, pure and simple.
CNBC. My new comedy channel.
