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The federal budget deficit will rise to $1.4 trillion in fiscal 2023, the Congressional Budget Office estimated Wednesday, larger than previously projected and a reversal of the decline in deficits over the past few years as pandemic emergency spending wound down.
Will change. but we've had the longest running positive effect on this economy really i think in modern history. it doesn't go on forever. when it ends, i don't know. the trade policies are certainly contributing to the gloomy outlo outlook. >> the deficit projection is now revised up. now predicting it will reach $1 trillion in 2020. two years earlier than previously thought. two years earlier. i know republicans don't care about deficits anymore. but that is not good. >> well, in '97, i worked with democrats and republicans, and we got the first balanced budget since we walked on the moon. w...
The revisions are typical. we all go through revisions. i did as governor. what people are beginning to say, there's weakness in this economy. and when you take a look at the bond market and all that, these are signs that get people saying, you know, it's not great. now, we don't know when that will change. but we've had the longest running positive effect on this economy really i think in modern history. it doesn't go on forever. when it ends, i don't know. the trade policies are certainly contributing to the gloomy outlook. >> listen, the job numbers were revised down today but the deficit p...
Anti-immigrant rhetoric we saw from him last time around. there's a question as to how much he has been running on the economy, but certainly that's the case that republicans down ballot have been making to voters, and if that's the no something they can they can point to as a reason to give them another term in the senate majority or another term in the house, that's going to be really problematic for not just the white house but republicans down ballot. >> coupled with a trillion-dollar deficit projection now for this fiscal year, which is to blame on both republicans and democrats. okay. th...
>> kelly: welcome back. two major economic indicators out adding fuel to governor romney's presidential campaign and putting president obama, well, on the defensive. first, the u.s. economy growing just 1.5% in the second quarter and then the white house releasing its new deficit projection for 2012, $1.2 trillion. yes. making this the fourth consecutive year of a trillion dollars-plus deficit. what does this mean for the race for the white house? john linco is the founder of left action and a consulting group and sabrina, executive director of independent women's forum. thank you both for joi...