U.S. Economic Outlook

Douglas Elmendorf testified on the 2013 federal budget and economic outlook. He said that 750,000 jobs would be lost during the year… read more

Douglas Elmendorf testified on the 2013 federal budget and economic outlook. He said that 750,000 jobs would be lost during the year if Congress does not reach an agreement to avoid automatic spending cuts, also known as sequestration. Mr. Elmendorf also said that 2013 would see slow economic growth, and that any improvements would be offset by cuts to federal spending that Congress would be forced to enact. 

“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

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*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:
310969-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Feb 13, 2013
Last Aired:
Feb 16, 2013

Airing Details

  • Feb 13, 2013 | 4:59pm EST | C-SPAN 1
  • Feb 13, 2013 | 7:10pm EST | C-SPAN 2
  • Feb 13, 2013 | 7:13pm EST | C-SPAN 2
  • Feb 13, 2013 | 8:01pm EST | C-SPAN 1
  • Feb 13, 2013 | 8:01pm EST | C-SPAN 2
  • Feb 13, 2013 | 10:24pm EST | C-SPAN 3
  • Feb 13, 2013 | 11:24pm EST | C-SPAN 1
  • Feb 13, 2013 | 11:27pm EST | C-SPAN 1
  • Feb 14, 2013 | 1:11am EST | C-SPAN 2
  • Feb 14, 2013 | 4:01am EST | C-SPAN 1
  • Feb 14, 2013 | 4:04am EST | C-SPAN 1
  • Feb 14, 2013 | 4:20am EST | C-SPAN 3
  • Feb 14, 2013 | 4:32am EST | C-SPAN 1
  • Feb 16, 2013 | 1:21pm EST | C-SPAN 1
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