in_the_media

Even with debt deal, U.S. "just getting started" on budget deficit

Media Outlet: 

Larry Kane's "Voice of Reason" (Comcast Network), CBSPhilly.com

The bill to raise the United States debt ceiling has passed, but Gary Witt of Temple's Fox School of Business says it's difficult "to see a lot of positives in this agreement." Witt — part of a four-person panel that included U.S. Rep. Rush Holt — said the U.S. is "just getting started" on tackling its budget deficit, the size of which "is completely unprecedented in U.S. peacetime history." He added: "We've been talking about the politics, and who won and who lost, but I would say this was like the first five minutes of the football game."