Long-Term Budget Outlook

Douglas Elmendorf testified on the latest Congressional Budget Office report on the long-term federal budget outlook. According to the… read more

Douglas Elmendorf testified on the latest Congressional Budget Office report on the long-term federal budget outlook. According to the report, the budget deficit will shrink to $378 billion in 2015, but that budget deficits gradually rise after that year, mainly due to increasing interest costs and growing spending for Social Security, Medicare, Medicaid, the Children’s Health Insurance Program, and subsidies to be provided through the health insurance exchanges. Mr. Elmendorf said that defaulting on the federal debt could have “long lasting and very damaging” consequences on the economy and that doing so was a “dangerous gamble.” close

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

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Long-Term Budget Outlook

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Program ID:
315179-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Sep 26, 2013
Last Aired:
Oct 8, 2013

Airing Details

  • Sep 26, 2013 | 10:03am EDT | C-SPAN 3
  • Sep 26, 2013 | 10:05am EDT | C-SPAN 3
  • Sep 26, 2013 | 7:55pm EDT | C-SPAN 2
  • Sep 27, 2013 | 1:53am EDT | C-SPAN 2
  • Sep 29, 2013 | 12:57pm EDT | C-SPAN 1
  • Oct 01, 2013 | 6:51am EDT | C-SPAN 2
  • Oct 08, 2013 | 12:06am EDT | C-SPAN 3
  • Oct 08, 2013 | 4:20am EDT | C-SPAN 3
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