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Transcripts For CNNW CNN Newsroom With Brooke Baldwin 20190822

Adjustment to the bedrock of the nations economy. The Labor Department is now saying, between april of 2018 and march of this year, there were half a million fewer jobs created than they actually originally thought. Its all adding to the worries of a slowdown, it comes as were getting word of a more worrisome speed up. The deficit ballooning much faster than expected. You can see this orange line on your screen, the deficit now on track to hit 1 trillion in fiscal year 2020, which starts in september. That is several years earlier than the cbo first projected. Maya mcginnis is head of the organization. Why is the deficit growing faster than initially thought . Its all selfimposed. In many ways, the economy is helping us, Interest Rates are stunningly low. So we have savings there, much more than compensating for that, is the fact that we have passed unpaid for tax cuts, unp ....

New York , United States , District Of Columbia , Donald Klein , Jeffrey Epstein , Dayton Fred Guttenberg , Tim Taylor , Atlantic Ocean , Doug Liberty , Jeb Bush , Patrick Leahy , Tom Steyer , Gloria Borger , Jared Kushner , Rick Blomquist , Maya Mcginnis , Fred Guttenberg , Joe Walsh , Brooke Baldwin , Labor Department , Fiscal Year , Interest Rates , Legislation Congress , National Debt , Job Market , Business Cycle ,