Federal Budget Numbers Take a Turn for the Worse
Manage episode 424778920 series 3380465
This week on Facing the Future, Bob Bixby was joined by Concord Coalition Policy Director Tori Gorman and Chief Economist Steve Robinson to discuss the latest 10-year Budget and Economic Outlook from the Congressional Budget Office (CBO). The CBO report projects that the federal budget deficit will grow from $2 trillion this year to $2.8 trillion by 2034 (adjusted to exclude timing shifts that occur when the first day of the fiscal year falls on a weekend). Bob, Tori, and Steve broke down the key projections from the report and what each could mean for interest rates, jobs, and economic growth going forward.
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