What the Reconciliation Bill Means for U.S. Households
Faculty Director of the Penn Wharton Budget Model breaks down the projected effects of the reconciliation bill on national debt, GDP, and low-income households.
This Week in Business · Wharton Podcast Network
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Show Notes
Kent Smetters, Faculty Director of the Penn Wharton Budget Model and Professor of Business Economics and Public Policy at the Wharton School, discusses the newly passed reconciliation bill—highlighting its projected $3.6 trillion increase to the national debt, minimal near-term economic growth, and long-term GDP decline, along with how the legislation may reduce resources for lower-income households.
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