What Does the Budget's Future Hold?
The panelists addressed the future of the federal budget. The specific focus was how to handle “a great big emergency.” The Federal Reserve… read more
The panelists addressed the future of the federal budget. The specific focus was how to handle “a great big emergency.” The Federal Reserves role in stabilizing the economy was discussed. The types of large scale emergencies that could occur include an increase in oil prices, large spending cuts, sky-high deficits, higher interest rates, and possible revenue increases. How a United States emergency would relate to the larger global economy was also explained. close
People in this video
- Betty Dukert Producer NBC Television
- David M. Wessel Correspondent Wall Street Journal
Hosting Organization
Related Video
-
New Priorities Under Expenditure Limits
The panelists discussed how the federal budget is restricted by limited resources and the pressures of a global economy.…
-
Budget Negotiations
Ranking Member Frenzel of the House Budget Committee talked about the budget process, spending cuts, and the national de…
-
Open Phones
Telephoen lines were open for comments on news of the day. Callers talked about the legacy of outgoing Federal Reserve B…
-
Open Phones
Telephone lines were opened for comments on the question, Should the Federal Reserve bail out Wall Street?