douglas elmendorf. caller: thank you for taking my call. one comment. this was a private sector meltdo. it was - like the public sector played a part, i think because the private sector bought it. it's a private sector meltdown. b business people. i have two questions. on msnbc, former cbs. jobs increased by companies going to china from the u.s.. they pay them 20 cents an hour and they work 18 hour days and take ten per room and basically, we're looking at you know, 19th century um... you know 19th century conditions they work under and i'm wondering does the cb o have a way to factor in job projection. how many companies a going overseas for cheap labor? this is slave labor, actually. guest: forecasts do try to take into account the flows of goods and is services from this country to others. it's a difficult part, of course. to anticipate all of th. but we do try to take that io account in what we're doing. host: related to that. melissa says could mr. douglas elmendorf summarize the taxes here in the united states verses u. companies that produce ove

douglas elmendorf. caller: thank you for taking my call. one comment. this was a private sector meltdown. it was - like the public secto played a part, i think because the private sector bought it. it's a private sector meltdown. b business people. i have two questions. on nbc, former cbs. jobs increased by companies going to china from the u.s.. they pay them 20 cents an hour and they work 18 hour days and take ten per room and basically, we're looking at you know, 19th century um... you know 19th century conditions they work under and i'm wondering does the cb o have a way to factor in job projection. how many companies are going overseas for cheap labor? this is sve labor, actually. guest: forecasts do try to take into account the flows of goods and is services from this country to others. it's a difficult part, of course. to anticipate all of that. but weo try to take that io account in what we're doing. host related to that. melissa says could mr. douglas elmendorf summarize the taxes he in the united states verses u.s. companies that produce overs

douglas elmendorf. caller: thank you for taking my call. one comment. this was a private sector meltdown. it was - like the public sector played a part, i think because the private sector bought it. it's a private sector meltdown. b business people. i have two questions. on msnbc, former cbs. jobs increased by companies going to china from the u.s.. they pay them 20 cents an hour and they work 18 hour days and take ten per room and basically, we're looking at you know, 19th century um... you know 19th century conditions they work under and i'm wondering does the cb o have a way to factor in job projection. how many companies are going overseas for cheap labor? this is slave labor, actually. guest: forecasts do try to take into account the flows of goods and is services from this country to others. it's a difficult part, of course. to anticipate all of that. but we do try to take that into account in what we're doing. host: related to that. melissa says could mr. douglas elmendorf summarize the taxes here in the united states verses u.s. companies that p

and in about 45 minute as discussion of the deficit with douglas elmendorf, head of the congressional budget office. travel restrictions to cuba with rentive mario diaz-balart and

then, congressional budget office director douglas elmendorf talks about the federal deficit. >> tomorrown "washington journal," kyle trygstad discusses the primary races, including contests in arizona, florida, and alaska. from afghanistan, major-general michael ward talks about the u.s. and nato forces training program for the afghan national police, security force, and border police. charles hopkinson, a professor at the university of georgia, discusses his report that says a% of oil from the gulf spill remains. we begin a week-long series on we begin a week-long series on defense

are briefer today is our director, douglas elmendorf. he will do a short talk and then will be happy to take your questions. >> good morning, and thank you all for being here. cto released its annual budget update. our current projection of budget deficits is not much different from our previous projection in march. our current forecast of economic conditions is not much different from our previous economic forecast in january. unfortunately, this is a case where no news is not good news. the country faces serious budget problems and serious economic problems. let me summarize the key points of that report, and then my colleagues and i will be happy to answer your questions. i will begin with our outlook for the budget and then turn to our outlook for the economy. for fiscal year 2010, we estimate the federal budget deficit will be about $1.30 trillion. that is 7 $1 billion below last year's total and $27 billion below our estimate in march. relative to the size of the economy, this year's deficit is expected to be the second largest sho

are briefer today is our director, douglas elmendorf. he will do a short talk and then will be happy to take your questions. >> good morning, and thank you all for being here. cto released its annual budget update. our current projection of budget deficits is not much different from our previous projection in march. our current forecast of economic conditions is not much different from our previous economic forecast in january. unfortunately, this is a case where no news is not good news. the country faces serious budget problems and serious economic problems. let me summarize the key points of that report, and then my colleagues and i will be happy to answer your questions. i will begin with our outlook for the budget and then turn to our outlook for the economy. for fiscal year 2010, we estimate the federal budget deficit will be about $1.30 trillion. that is 7 $1 billion below last year's total and $27 billion below our estimate in march. relative to the size of the economy, this year's deficit is expected to be the second largest sho