Phillip Swagel, 10th Director of the Congressional Budget Office, explains what's driving the widening U.S. federal debt, deficits, and how "at some point it will be a problem".
*This video was recorded on October 10, 2024
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00:00 - Introduction and Fiscal Projections
01:49 - Deficit Trends and Historical Comparisons
03:36 - Economic Recovery Amid Record Deficits
05:24 - Key Drivers of Debt and Deficit Growth
08:02 - Rising Interest Payments and Their Impact
10:27 - Sustainability of U.S. Fiscal Policies
12:05 - Inflation Risks from Growing Deficits
13:56 - Interaction Between Federal Reserve and Treasury
15:15 - Revenue Projections and Expiring Tax Cuts
18:35 - Financial Sector Risks
21:00 - Federal Deficits and Economic Growth
24:15 - Closing Remarks and Future Outlook
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