Nussle talks CBO on CNBC’s closing bell

CUNA President/CEO Jim Nussle appeared on CNBC’s Closing Bell Wednesday to discuss the 2019-2028 economic outlook released by the Congressional Budget Office (CBO). Nussle served as former director of the Office of Management and Budget from 2007 to 2009 and has extensive experience on the topic when he served in Congress from 1991 to 2007.

“The CBO tends to be right down the middle in their forecast with a consensus that there will be a recession at the end of 2021,” said Nussle. “What is surprising is the unresolved deal on the trade war.” During the segment, Nussle discussed the report, general state of the economy, and how credit unions are helping members meet their financial needs.

Nussle urged White House officials to find a resolution on trade, as it will affect jobs, consumer spending, and more.

 

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