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PBS NewsHour

Krugman: Hasty Fix to Deficit Would Cause 'Austerity Bomb'

8:40

Though Republicans claim $2.2 trillion would be saved by their plan for long-term deficit reduction, economist Paul Krugman calls it a "vapor plan," with few details on where savings will come from. Gwen Ifill talks to Krugman about why he thinks reducing the deficit too fast could push the economy back into recession.

Episodes of PBS NewsHour44

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Previews of PBS NewsHour3

PBS NewsHour

State of the Union 2016

PBS NEWSHOUR offers live coverage of President Obama's speech and the Republican response.

0:20

PBS NewsHour

PBS NewsHour Weekend

Premieres Saturday, September 7, 2013 at 6 p.m. ET.

0:30

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