U.S. Economic Outlook

Douglas Elmendorf testified on the 2013 federal budget and economic outlook. He predicted that economic growth would be slow during… read more

Douglas Elmendorf testified on the 2013 federal budget and economic outlook. He predicted that economic growth would be slow during the year while unemployment would remain high, in part because of spending cuts that Congress would be forced to enact to avoid sequestration. Additionally, the CBO estimated that although the deficit would drop in 2013, it would rise back up to $1 trillion because of entitlement spending for an aging population.

“Sequestration,” a legal procedure in which every federal agency has the same percentage of its budget taken back in order to cut deficit spending, was agreed to in the Budget Control Act of 2011 and scheduled to happen on March 1, 2013. close

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

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U.S. Economic Outlook

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Program ID:
310947-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Feb 12, 2013
Last Aired:
Feb 19, 2013

Airing Details

  • Feb 12, 2013 | 3:14pm EST | C-SPAN 1
  • Feb 12, 2013 | 4:41pm EST | C-SPAN 1
  • Feb 12, 2013 | 10:47pm EST | C-SPAN 3
  • Feb 13, 2013 | 4:29am EST | C-SPAN 3
  • Feb 13, 2013 | 5:51am EST | C-SPAN 3
  • Feb 14, 2013 | 2:34pm EST | C-SPAN 3
  • Feb 14, 2013 | 3:55pm EST | C-SPAN 3
  • Feb 17, 2013 | 6:20pm EST | C-SPAN RADIO
  • Feb 19, 2013 | 8:32am EST | C-SPAN 2
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