Study: Federal Deficit Could Reach $44.2 Trillion

NPR's Robert Siegel talks with The Financial Times correspondent Peronet Despeignes about his article outlining a study which predicts a future of chronic federal deficits totaling at least $44.2 trillion. The study, commissioned by former Treasury Secretary Paul O'Neill, was meant to be included in the budget package — but it was kept out of the final draft.

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