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Transcript: Interview: Peter Orszag of The Brookings Institution discusses the federal budget deficit
- Article from:
- NPR Morning Edition
- Article date:
- August 27, 2003
- Author:
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STEVE INSKEEP, RENEE MONTAGNE
NPR Morning Edition
08-27-2003
Interview: Peter Orszag of The Brookings Institution discusses the federal budget deficit
Host: STEVE INSKEEP, RENEE MONTAGNE
Time: 10:00-11:00 AM
STEVE INSKEEP, host:
The federal budget deficit is about to break a record. The Congressional Budget Office says the government is spending $401 billion more than it takes in during this fiscal year, and the projected deficit for next year would set another record of $480 billion. Just a few years ago, the government was forecasting a surplus for years to come. Now Peter Orszag, a senior fellow at The Brookings Institution, warns that this year's shortfall could be just the ...