Elmendorf Says Economic Downturn Isn't Over

Congressional Budget Office (CBO) Director Doug Elmendorf testifies before the Senate Budget Committee and says that the economy is only halfway through its downturn. (0:29)

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CBO Chief: America Can't Sustain Current Fiscal Policy

Congressional Budget Office (CBO) Director Doug Elmendorf says America’s current fical crisis must be dealt with sooner rather than later and says it should be a priority for Congress. (0:35)

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Permanent Extension Of Bush Tax Cuts Better Than Temporary, Claims OMB Director

Congressional Budget Office Director Dr. Doug Elmendorf explains that a full and permanent extension of the 2001 tax cuts would have a greater boost on employment than one that would end in 2012. (0:36)

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OMB Director: Combination Of Policies Required To Aid Economy

Congressional Budget Office Director Dr. Doug Elmendorf explains that in order to boost the economy now and sustain it later, a combinations of policies is required by lawmakers. (0:50)

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CBO Director Predicts Modest Pace To Recovery

Congressional Budget Office Director Dr. Doug Elmendorf predicts a slow recovery out of the recession and cites history for his arguments basis. (0:40)

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Neglected Debt Will Lower American Standards Of Living, Says White House Official

Congressional Budget Office (CBO) Director Douglas W. Elmendorf says that if debt goes unchecked, the consequence will be a lower standard of living in America. (0:06)

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