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Greenspan Offers Optimism, Warning

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Greenspan Offers Optimism, Warning

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Greenspan Offers Optimism, Warning

Greenspan Offers Optimism, Warning

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  • <iframe src="https://www.npr.org/player/embed/1671260/1671261" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federal Reserve Chairman Alan Greenspan tells lawmakers the U.S. economic picture has "brightened" over the last six months and "prospects are good" for a sustained expansion of the U.S. economy. But Greenspan also warns of the dangers of record budget deficits, adding that no group has yet created a realistic plan to address the deficit issue. NPR's John Ydstie reports.