Why skyrocketing federal debt will mean the next recession is harder to overcome




PBS NewsHour - Segments show

Summary: The Congressional Budget Office says the U.S. deficit is reaching its highest levels since the end of World War II, when considered as a share of the total economy. In the next decade, it's projected to grow by $800 billion more than originally expected, due to spending, tax cuts and slower economic growth. Lisa Desjardins talks to Maya MacGuineas of the Committee for a Responsible Federal Budget.