Congress will also confront the deficit impact of renewing the cuts, as the US faces as “daunting” fiscal outlook, Congressional Budget Office Director Phillip Swagel said in an interview at Bloomberg News's Washington bureau on Wednesday. Extending the personal income tax cuts will cost $3.8 trillion alone.
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Phillip Swagel on US Debt Burden, Inflation
Uploaded: May 8, 2024Philip Swagel, Director of the Congressional Budget Office, shares what to potentially expect from the tenure budget and economic outlook. He states that outlays are rising more than expected. He also ...
Uploaded: May 8, 2024
Philip Swagel, Director of the Congressional Budget Office, shares what to potentially expect from the tenure budget and economic outlook. He states that outlays are rising more than expected. He also ...
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