Federal Budget Numbers Take a Turn for the Worse
Podcast: Facing the FuturePublished On: Fri Jun 21 2024
Description: This week on Facing the Future, Bob Bixby was joined by Concord Coalition Policy Director Tori Gorman and Chief Economist Steve Robinson to discuss the latest 10-year Budget and Economic Outlook from the Congressional Budget Office (CBO). The CBO report projects that the federal budget deficit will grow from $2 trillion this year to $2.8 trillion by 2034 (adjusted to exclude timing shifts that occur when the first day of the fiscal year falls on a weekend). Bob, Tori, and Steve broke down the key projections from the report and what each could mean for interest rates, jobs, and economic growth going forward.
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