U.S. Economic Outlook
2014-02-05T10:03:19-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvODE4XC8yMDE0MDIwNTEwMTMyNDEwMDJfaGQuanBnIiwiZWRpdHMiOnsicmVzaXplIjp7ImZpdCI6ImNvdmVyIiwiaGVpZ2h0Ijo1MDZ9fX0=Douglas Elmendorf testified on the 2014 federal budget and economic outlook. The Congressional Budget Office report showed that the federal budget deficit would decrease in the short term before increasing over the upcoming decade. Regarding the impact of the Affordable Care Act, he told Committee Chair Paul Ryan (R-WI) that health insurance subsidies would create a disincentive to work for approximately 2.5 million workers, but during questioning from Committee Ranking Member Chris Van Hollen (D-MD) he also said the law would reduce the unemployment rate, Other topics included Social Security solvency and immigration reform.
Douglas Elmendorf testified on the 2014 federal budget and economic outlook. The Congressional Budget Office report showed that the federal … read more
Douglas Elmendorf testified on the 2014 federal budget and economic outlook. The Congressional Budget Office report showed that the federal budget deficit would decrease in the short term before increasing over the upcoming decade. Regarding the impact of the Affordable Care Act, he told Committee Chair Paul Ryan (R-WI) that health insurance subsidies would create a disincentive to work for approximately 2.5 million workers, but during questioning from Committee Ranking Member Chris Van Hollen (D-MD) he also said the law would reduce the unemployment rate, Other topics included Social Security solvency and immigration reform. close
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