Advertisement

Why skyrocketing federal debt will mean the next recession is harder to overcome

Why skyrocketing federal debt will mean the next recession is harder to overcome The Congressional Budget Office says the U.S. deficit is reaching its highest levels since the end of World War II, when considered as a share of the total economy. In the next decade, it's projected to grow by $800 billion more than originally expected, due to spending, tax cuts and slower economic growth. Lisa Desjardins talks to Maya MacGuineas of the Committee for a Responsible Federal Budget.

Stream your PBS favorites with the PBS app:
Find more from PBS NewsHour at
Subscribe to our YouTube channel:

Follow us:
Facebook:
Twitter:
Instagram:
Snapchat: @pbsnews

Subscribe:
PBS NewsHour podcasts:
Newsletters:

skyrocketing federal debt,federal debt,Congressional Budget Office,US deficit,World War II,economy,tax cuts,economic growth,Maya MacGuineas,Responsible Federal Budget,

Post a Comment

0 Comments