PBS NewsHour

What skyrocketing federal debt means for the next recession

Clip: 08/22/2019 | 6m 25s | Video has closed captioning.

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.

Aired: 08/22/19

Rating: NR

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