2019 Budget and Economic Outlook
2019-01-28T11:00:46-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvZGQxXC8yMDE5MDEyODExMTEzNDAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Congressional Budget Office (CBO) Director Keith Hall spoke with reporters about the CBO’s budget and economic outlook for 2019 through 2029. “Debt is on an unsustainable course in CBO’s projections,” said Mr. Hall. In CBO projections, the deficit for 2019 is about $900 billion and exceeds $1 trillion each year beginning in 2022. Over the next ten years, the deficit is projected to be between about 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the preceding 50 years, according to the report.
Congressional Budget Office (CBO) Director Keith Hall spoke with reporters about the CBO’s budget and economic outlook for 2019 through 2029… read more
Congressional Budget Office (CBO) Director Keith Hall spoke with reporters about the CBO’s budget and economic outlook for 2019 through 2029. “Debt is on an unsustainable course in CBO’s projections,” said Mr. Hall. In CBO projections, the deficit for 2019 is about $900 billion and exceeds $1 trillion each year beginning in 2022. Over the next ten years, the deficit is projected to be between about 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the preceding 50 years, according to the report. close
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