CBO
TESTIMONY
Statement of
Alice M. Rivlin
Director
Congressional Budget Office
before the
Subcommittee on Taxation
and Debt Management
Senate Finance Committee
September 11, 1979
Mr. Chairman and Members of the Committee, I am pleased to appear before
you today to testify on the Treasury's request for an increase in the statutory
debt limit. My statement will cover two principal topics:
-
The budget estimates for fiscal years 1979 and 1980 underlying the Second
Concurrent Resolution on the Budget for Fiscal Year 1980, as reported by
the Senate Budget Committee and now under consideration on the Senate floor;
and
-
The budget outlook for fiscal years 1981 and 1982, using the Senate Budget
Committee recommendations in the second budget resolution for 1980.
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