Former federal official warns about mounting deficit

President Obama Addresses Joint Session Of Congres
The dome of the U.S. Capitol building in Washington DC.
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David Walker, a former comptroller general of the United States and former head of the Government Accountability Office, says the U.S. faces longterm disaster if it doesn't fix its financial condition.

Walker is the author of the new book, "Comeback America: Turning the Country Around and Restoring Fiscal Responsibility."

He spoke at the National Press Club in Washington, D.C.

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