With regards to hurricanes and fires and the tremendous forest fires all over. We had very big numbers, unexpectedly big numbers. 25 years, ive been in this business, ive never heard an increasing deficit blamed on hurricanes and forest fires. The president had vowed to bring the deficits down. He started today by ordering his cabinet secretaries to cut their agency budgets, across the board, by 5 . Not clear, by the way, if that includes defense. I want to have a conversation about this, because this is really important, especially right now as we head into Midterm Elections. Jared bernstein joins me, senior fellow for the center on budget and policy priorities and a cnbc contributor. Also with me, cnbc editor at large, john harwood. Now, jared, you and i have talked, particularly after the last recession, when you and many other people felt that there are moments in time when an increased deficit is a good thing. Those moments in time often come when there is a need for government st
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Transitions: New Presidents Named at Thomas Jefferson U and the U of New Hampshire
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