Budget and Economic Outlook

Doug Elmendorf spoke about the new Congressional Budget Office (CBO) report on the budget and economic outlook. Mr. Elmendorf… read more

Doug Elmendorf spoke about the new Congressional Budget Office (CBO) report on the budget and economic outlook. Mr. Elmendorf said that unemployment in the U.S. will remain above 8 percent for the next few years, and economic growth will continue at a relatively slow pace. CBO updated its forecast based on the passage of the compromise deficit reduction law in August 2011, finding that the plan could lead to “considerably lower” deficits over the next ten years if George W. Bush-era tax cuts and other temporary measures are allowed to expire. close

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

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Budget and Economic Outlook

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Program ID:
301189-1
Category:
News Conference
Format:
News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Aug 24, 2011
Last Aired:
Aug 25, 2011

Airing Details

  • Aug 24, 2011 | 4:15pm EDT | C-SPAN 1
  • Aug 24, 2011 | 10:51pm EDT | C-SPAN 1
  • Aug 25, 2011 | 2:16am EDT | C-SPAN 1
  • Aug 25, 2011 | 4:35am EDT | C-SPAN 1
  • Aug 25, 2011 | 8:19am EDT | C-SPAN 2
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