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Record $422-Billion Deficit Projected

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Record $422-Billion Deficit Projected

Economy

Record $422-Billion Deficit Projected

Record $422-Billion Deficit Projected

  • Download
  • <iframe src="https://www.npr.org/player/embed/3895515/3895516" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The federal budget deficit will hit a record $422 billion this year, according to new projections from the Congressional Budget Office. The CBO also predicts $2.3 trillion in new debt will be run up by 2014. Hear NPR's Steve Inskeep and Robert Bixby of the Concord Coalition.

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