Budget and Economic Outlook

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

Doug Elmendorf spoke about the new Congressional Budget Office (CBO) report on the budget and economic outlook. The CBO predicted that the budget deficit for fiscal year 2012 will be $1.1 trillion, and warned Congress of the urgency of addressing the “fiscal cliff,” the combination of tax hikes and spending cuts that would take place on January 1, 2013, unless new budget agreements are reached. If Congress does reach an agreement, the CBO estimated gross domestic product (GDP) growth of around 1.7 percent. close

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Budget and Economic Outlook

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Program ID:
307708-1
Category:
News Conference
Format:
News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Aug 22, 2012 | 11:01am EDT | C-SPAN 1
Last Aired:
Aug 23, 2012 | 6:13am EDT | C-SPAN 1

Airing Details

  • Aug 22, 2012 | 11:01am EDT | C-SPAN 1
  • Aug 22, 2012 | 2:16pm EDT | C-SPAN 2
  • Aug 22, 2012 | 5:30pm EDT | C-SPAN 1
  • Aug 22, 2012 | 8:05pm EDT | C-SPAN 1
  • Aug 23, 2012 | 12:14am EDT | C-SPAN 1
  • Aug 23, 2012 | 6:13am EDT | C-SPAN 1
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Budget and Economic Outlook

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