(CNSNews.com) - Federal Reserve Chairman Janet Yellen, referencing
the Congressional Budget Office's long-term budget projections, told
the Joint Economic Committee of Congress today that under current
policies the federal government’s deficits “will rise to
unsustainable levels.”
In the 10-year budget projections it released in April, the CBO
estimated that the federal government will run $7.618 trillion in
deficits from 2015 through 2024. At the same time, the CBO projected
that the federal government’s debt held by the public would rise
from $11.983 trillion at the end of fiscal 2013 to $20.947 trillion
by the end of 2024.
No comments:
Post a Comment