CBO Budget and Economic Outlook Report
2018-04-11T23:51:37-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvOGY4XC8yMDE4MDQxMjAxMDAzOTAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Congressional Budget Office (CBO) Director Keith Hall testified before the Senate Budget Committee about a recent CBO report on the economic outlook for fiscal years 2018 to 2028. The report found that under current law the budget deficit would surpass $1 trillion by 2020 and that federal debt would equal gross domestic product (GDP) by 2028. Committee members asked about recommendations to reverse those trends and what impact the tax bill enacted at the end of 2017 had on those projections.
Congressional Budget Office (CBO) Director Keith Hall testified before the Senate Budget Committee about a recent CBO report on the economic… read more
Congressional Budget Office (CBO) Director Keith Hall testified before the Senate Budget Committee about a recent CBO report on the economic outlook for fiscal years 2018 to 2028. The report found that under current law the budget deficit would surpass $1 trillion by 2020 and that federal debt would equal gross domestic product (GDP) by 2028. Committee members asked about recommendations to reverse those trends and what impact the tax bill enacted at the end of 2017 had on those projections. close
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