Capitol hill where Congressional Budget Officer director Phillip Swagel is getting ready to testify before lawmakers on the cbos budget. The hearing is expected to begin shortly and youre watching live coverage on cspan3. Good afternoon. Ill call the committee to order. Today the committee will hear testimony from the Congressional Budget Office director Phillip Swagel. These projections account for the effects of the covid19 pandemic and legislation enacted in response to it and provide a window into the future of our financial state. This is dr. Swagels first time testifying since becoming the 10th director of the office. Unfortunately, the pandemic has delayed us from having him appear before this committee. I would like to thank dr. Swagel for being here and thank the cbo staff for working to provide congress with informed estimates at a time of unprecedented uncertainty and unusual working conditions. Cbos updated budget projections confirmed what we all know, that the economic di
And stolen. As of last night, questions about what happens if one candidate is incapacitated. Its important to remember only three days ago, though many of us, it seems like to go, the president alleged to a National Audience and with no evidence that mailin voting to fraud and he refused to say he will accept the results of the election. We say we are bracing ourselves for what happens when the polls close november 3. It is important to say that that does not indicate the results are illegitimate. May be used to learning results hours after the polls closed but in likelihood, that will not happen this year end that is okay so how does this work . What is the law . Does the constitution say . That is what today is about. We are lucky to have four experts who will shine a light on what to expect and what to repair for polls closed november 3. We will have four briefings and then we will take questions from you. Those of you watching us live can submit your questions anytime starting eve
The Senate Finance subcommittee on fiscal responsibility on Economic Growth is a virtual hearing on the fiscal outlook and i thank you all for participating. I thank you all for participating and i think its going to be good and im sorry we couldnt have had it in a more to say a more formal setting because it may been better attended. Im not sure any hearing we have had would be any more important in the spirit her witnesses will be the director of the Congressional Budget Office and jeans are darl who is the comptroller general of the United States in the head of the u. S. Government Accountability Office. With that i will make my Opening Statement and turned to Maggie Hassan my Ranking Member and then i think Ranking Member wise and for the entire committee for statement you would like to make as well. Again thank you all for being here. Im grateful to all who are joining us via the internet. Today we will address the topic a with refer to shy away from addressing her nations run awa
Cbos budget. The hearing is expected to begin shortly and youre watching live coverage on cspan3. Good afternoon. Ill call the committee to order. Today the committee will hear testimony from the Congressional Budget Office director phillip swagel. These projections account for the effects of the covid19 pandemic and legislation enacted in response to it and provide a window into the future of our financial state. This is dr. Swagels first time testifying since becoming the 10th director of the office. Unfortunately, the pandemic has delayed us from having him appear before this committee. I would like to thank dr. Swagel for being here and thank the cbo staff for working to provide congress with informed estimates at a time of unprecedented uncertainty and unusual working conditions. Cbos updated budget projections confirmed what we all know, that the economic disruption caused by covid19 and the federal governments response have led to a surge in deficit and debt. Cbo projects by the
The highway, medicare and scattered showe social distance needed funding by 2031. [inaudible conversations] good afternoon, ill call this meeting to order. Today the committee will hear testimony from the Congressional Budget Office director, phillip swagel, on cbos updated budget and economic projection. These projections account for the covid19 pandemic and legislation enacted in response to it, and provide a window into the future of our financial state. This is dr. Swagels first time testifying before the Budget Committee since becoming the 10th director of the Congressional Budget Office. Unfortunately, the pandemic has delayed having him appear before this committee. Id like to thank dr. Swagel for being here today and id like to thank the cbo staff for working to provide congress with informed estimates at a time of unprecedented uncertainty and unusual working conditions. Cbos updated budget projections confirmed what we all knew, that the economic disruption caused by covid19