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CBO Budget and Economic Outlook: 2023 to 2033
Manage episode 356120011 series 2939717
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As Treasury Secretary Yellen uses extraordinary measures to keep the nation below the debt ceiling, America's total debt right now is north of $32 trillion. And the psychological "Trillion-Dollar Barrier" has been broken. The just released CBO Budget and Economic Outlook: 2023 to 2033 anticipates a federal budget deficit of $20 trillion over the next decade. TCS Senior Policy Analyst Josh Sewell joins host Steve Ellis for an exercise in understanding the report and what it really means for taxpayers.
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