The outlook for the Federal budget is bleak.
More Quotes from Doug Elmendorf:
We do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount and, on the contrary, the legislation significantly expands the federal responsibility for health care costs.Doug Elmendorf
Yes. We do think that the stimulus package is raising GDP and raising employment relative to what would have happened otherwise.
Doug Elmendorf
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