Budget and Economic Outlook
2010-08-19T20:01:18-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMzY3XC8yOTUxMDYtbS5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Doug Elmendorf spoke about a report on the budget and economic outlook. He also answered questions from reporters. The projections of the report showed that the federal deficit would exceed $1.3 trillion in fiscal year 2010, only slightly below the previous year’s record. Mr. Elmendorf warned about the long-term effects of high debt levels on the U.S. economy, and forecast elevated unemployment rates into 2014.
Doug Elmendorf spoke about a report on the budget and economic outlook. He also answered questions from reporters. The projections of the report… read more
Doug Elmendorf spoke about a report on the budget and economic outlook. He also answered questions from reporters. The projections of the report showed that the federal deficit would exceed $1.3 trillion in fiscal year 2010, only slightly below the previous year’s record. Mr. Elmendorf warned about the long-term effects of high debt levels on the U.S. economy, and forecast elevated unemployment rates into 2014. close
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