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Lowered its estimate of economic growth in 2018 and updated projections from the congressional budget office say the federal deficit is growing faster than expected with forecasts reaching $960 billion for the 2019 fiscal year and expanding to 1 trillion in 2020. while the increase in u.s. borrowing is a result of the administration's spending and tax cut policies, "the new york times" points out congressional republicans have largely gone along with mr. trump's moves to add more debt, even as they insist they will return to this rinking the deficit. >> what are we supposed to believe? >> big ...

Information to talk september 19 and 20th in washington. the ongoing trade war is expected to reduce the u.s.' gross domestic product. the total provides by .3%. and that could reduce the income by the average household expects year. remember, if that's true, that offsets the projections of a recession some have been making because a recession would be no growth or negative growth. the other big headline from today's report, federal budget deficits, ceo said this year's deficit will reach $960 billion, $63 billion higher than the previous estimate, which was made a few months ago. and starti...

Observer? >> well, it comes to down to what all politics is all about,s the money. and when you go home to districts and get in town hall meetings with republicans like nick mulvaney or jeff duncan, you hear what you said when we open the show, an insurmountable debt problem. so it doesn't matter, this won't be the last time we're talking about spending. i hear it all the time. folks back home don't think we have a revenue problem in washington. they think we have a spending problem in washington. and you hear that from largely the republican town hall. i've been in the town hall meetings for ...

And another potential downgrade on u.s. credit rating. joining me now, judd gregg, co-chair on the campaign to fix the debt. senator greg, thank you for joining me. >> thank you for having me on. >> it's a new year, new congress, but has some old problems, the debt mainly. what will happen this time? >> well, you know, the congress and the president made two efforts here that have been fairly substantive. the 2011 effort reduced discretionary spending by $900 billion and a tax increase of $960 billion, but the big elephant has not been addressed, entitlement spending, that's driving our debt. ...

A canned question with a canned answer. i've used it myself. what would have been better for president obama had he said i'm not worried about the mistakes because i'm focused on the second term and this is what i want to do for america going forward. boom. done. change the subject. >> greg: can i make a point. talking about the competency of romney, the only thing obama ran before the presidency was his stockings. >> bob: i heard that rumor myself. >> andrea: support hose. go ahead. >> eric: you don't want me to go, do you? obama says the biggest mistake was the communication skills or lack o...