Figuring Out How to Count the Federal Money
Where Does the Money Go? As Congress considers what course to take on the financial market bailout, they are learning about what might happen to the Federal budget...
Where Does the Money Go?
As Congress considers what course to take on the financial market bailout, they are learning about what might happen to the Federal budget if the Treasury Department takes on $700 billion dollars in debt. Peter Orszag, Director of the Congressional Budget Office, told the House Budget Committee about the potential budget impact at a hearing yesterday. Among the questions the Director answered from Committee Chairman John Spratt were questions about scoring the budget, or where the money will go on the Federal books.
Click to hear this part of the hearing
Chairman Spratt and ranking member Paul Ryan asked Director Orszag about the consequences of inactivity or slow activity. Click to hear this part of the hearing
What About MY Agency?
Former Assistant Secretary for Planning and Evaluation, Department of Health, Education, and Welfare, and noted budget expert Henry Aaron, Senior Fellow at the Brookings Institution, will be our guest. He’ll tell us about what the addition of $700 billion in debt would do the budget, and how it would affect the business of government.
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