WASHINGTON - SEPTEMBER 24:   Peter Orszag, director of the Congressional Budget Office (CBO), testifies on Capitol Hill about the impact of recent market turmoil on the federal budget on September 24, 2008 in Washington, DC. Orszag reported that while the impact is currently unknown, it is likely to be substantially less than $700 billion. Getty Images logo Getty Images 14 months ago

WASHINGTON - SEPTEMBER 24: Peter Orszag, director of the Congressional Budget Office (CBO), testifies on Capitol Hill about the impact of recent market turmoil on the federal budget on September 24, 2008 in Washington, DC. Orszag reported that while the impact is currently unknown, it is likely to be substantially less than $700 billion.