OMB Nominee Predicts Record Federal Deficit


Peter Orszag says during Tuesday’s confirmation hearing that the federal budget is on an “unsustainable path,” tells Congress the country faces the worst economic crisis since the Great Depression.

Cites rising health care costs as the primary cause of high deficits.

Related Topics: News, The Page

Post a Comment

You must be logged in to post a comment.

  • Tweets

    View More Tweets From @TIME

Your browser, Internet Explorer 8 or below, is out of date. It has known security flaws and may not display all features of this and other websites.

Learn how to update your browser