Budget and Economic Outlook

During testimony before the Senate Budget Committee the Congressional Budget Office (CBO) Director Phillip Swagel said the U.S. debt was “not facing an… read more

During testimony before the Senate Budget Committee the Congressional Budget Office (CBO) Director Phillip Swagel said the U.S. debt was “not facing an immediate fiscal crisis,” but he warned that the debt is high and expected to rise to record levels over the upcoming 30 years. Director Swagel urged Congress to take action to address the rising debt stating, “action is absolutely needed.” He also discussed the Federal Trust Funds, including the Highway, Medicare, and Social Security funds, which he said were all expected to be exhausted by 2031. close

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Budget and Economic Outlook

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Program ID:
476126-1
Category:
Senate Committee
Format:
Senate Committee
Location:
SD-608, Dirksen Senate Office Building, Washington, District of Columbia, United States
First Aired:
Sep 23, 2020 | 2:29pm EDT | C-SPAN 3
Last Aired:
Sep 24, 2020 | 9:03am EDT | C-SPAN 2

Airing Details

  • Sep 23, 2020 | 2:29pm EDT | C-SPAN 3
  • Sep 24, 2020 | 6:10am EDT | C-SPAN 2
  • Sep 24, 2020 | 9:03am EDT | C-SPAN 2
  • Sep 26, 2020 | 2:04pm EDT | C-SPAN RADIO
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Budget and Economic Outlook

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