Debt levels set to break records

CQ Budget, Ep. 168

Passengers wearing face masks wait for their bus in front of a national debt display on Pennsylvania Ave. NW in Washington.  (Bill Clark/CQ Roll Call file photo)
Passengers wearing face masks wait for their bus in front of a national debt display on Pennsylvania Ave. NW in Washington. (Bill Clark/CQ Roll Call file photo)
Posted September 8, 2020 at 8:00am

A dire outlook for a ballooning deficit is the latest hit to the U.S. economy, according to a new Congressional Budget Office report. CQ Roll Call’s David Lerman and Paul Krawzak break down how the COVID-19 pandemic has affected the deficit and examine the bleak future for the Social Security and Medicare trust funds.

Show Notes: