CSPAN Capitol Hill Hearings February 14, 2013
And new guidelines on Cyber Security. Well get to jack lews confirmation in a moment. First the cbo director Douglas Elmendorf testimony. He warned of the sequester could cost 750,000 jobs. Could you tell me in terms of the negative Economic Impact of the sequester, the. 6 , what does that translate in point of lost jobs . Our estimate is that the sequester alone would reduce gdp growth this year by zero point six percentage points. It would lower that gdp at the end of the year. We think that would reduce by about 750,000 jobs. 750,000 jobs between now and the end of 2013, right . Right. That...
Source: archive.org