Long-Term Budget Outlook
2013-09-26T10:05:08-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZjQxXC8yMDEzMDkyNjEwMDcwODAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==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.”
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… 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
People in this video
Hosting Organization
Purchase a Download
Long-Term Budget Outlook
-
MP4 video - Standard
- Price:
- $9.99 or Free with MyC‑SPAN
-
MP3 audio - Standard
- Price:
- $0.99
Related Video
-
Budget and Economic Outlook
Doug Elmendorf spoke about the new Congressional Budget Office (CBO) release of its long-term budget outlook for the…
-
U.S. Economic Outlook
Douglas Elmendorf testified on the 2014 federal budget and economic outlook. The Congressional Budget Office report…
-
Christian Science Monitor Breakfast with Doug Elmendorf
Doug Elmendorf answered reporters questions at a “Monitor Breakfast” held by the Christian Science Monitor at the St. Regis Hotel.…
-
Updated Budget and Economic Outlook
Congressional Budget Office Director Doug Elmendorf held a press conference to unveil his agency’s report titled, An…
User Created Clips from This Video
-
- 2 minutes
- 124 views
-
- 28 seconds
- 31 views
-
- 5 minutes
- 22 views
-
- 15 seconds
- 20 views