2009 Federal Budget Deficit

Peter Orszag talked about the latest federal budget deficit projections, which were released by the CBO yesterday, and he responded to… read more

Peter Orszag talked about the latest federal budget deficit projections, which were released by the CBO yesterday, and he responded to telephone calls and electronic mail. This year’s federal budget deficit will hit $407 billion and will increase to $438 billion in fiscal 2009. According to Congressional Quarterly, the $438 billion figure would be a record in dollar terms, but not when measured as a percentage of gross domestic product, a method preferred by some economists. The old record was $412.7 billion in fiscal 2004. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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2009 Federal Budget Deficit

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Program ID:
281013-7
Category:
Call-In
Format:
Call-In
Location:
Washington, District of Columbia, United States
First Aired:
Sep 10, 2008

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  • Sep 10, 2008 | 8:33am EDT | C-SPAN 1
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