CBO Budget and Economic Outlook: 2023 to 2033
Manage episode 356120011 series 2939717
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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