Washington, D.C
The Weekend Scene: Downtown Holiday Market and more to do around DC, through Nov. 23
Happy “Wicked: For Good” opening weekend! After you see the movie, let your stan flag fly with drink specials, trivia and karaoke – there’s even a one-day choir where singers can channel their inner Ariana Grande or Cynthia Erivo. Check out our roundup here.
Swap your pink and green for yellow to cheer on the Washington Spirit in the National Women’s Soccer League championship Saturday night. Watch parties will be happening at Franklin Hall, metrobar and across the Spirit Bar Network.
Grocery shopping, traveling and/or welcoming family into town might be your focus on the last weekend before Thanksgiving, but make some time to enjoy festive fun all over the D.C. area.
- Weekend weather: The weekend might start with rain before the weather takes a turn for the better. Here’s the forecast.
D.C. highlights
Downtown Holiday Market
Nov. 21 to Dec. 23, F Street NW (between 7th and 9th streets), free entry
🔗 Details
Browse dozens of vendors while picking up gifts for everyone on your nice list.
The market is right outside the Smithsonian American Art Museum and National Portrait Gallery, so why not check out some art before shopping?
Family-friendly
ZooLights
Nov. 21 to Jan. 3, National Zoo, $9
🔗 Details
The National Zoo was closed for weeks during the government shutdown, but ZooLights is happening, and it’s opening on time. You can visit Friday, Saturday and Sunday, plus more days into the new year. Read more and see the full list of ZooLights dates here.
“Our team has been working around the clock to make ZooLights happen,” the National Zoo’s Director of Business Operations, Nikki Mounts, said.
The shutdown is gone, and Zoo Lights is on. News4’s Tommy McFly has a preview of the National Zoo’s annual holiday attraction.
One million environmentally friendly LED twinkle lights and more than 100 animal lanterns await visitors as they wind down the zoo’s main walkway, dotted with scenes of rainforests, deserts and pandas.
We suggest buying tickets in advance for this popular event.
D.C.’s free Umbrella Art Fair returns for its fifth year. News4’s Eun Yang talks with one of the organizers about what to expect.
Free & family-friendly
Umbrella Art Fair
Fri. to Sun., The Square at International Square (1850 K St NW)
🔗 Details
One of the biggest showings of art is back again, showcasing more than 100 artists’ work across over 35,000 square feet in downtown D.C. Expect to see work by Autumn Spears, Rose Jaffe, Alex Solis, Tracie Ching, Jessie and Katey, Tom Kim (aka Death by Narwhals) and more.
It’s the Umbrella Art Fair’s fifth year. It will be open to the public 6-10 p.m. Friday, noon to 10 p.m. Saturday and noon to 8 p.m. Sunday.
Family-friendly
Washington Harbour Ice Rink opens
Opens Thurs., Georgetown Waterfront, $9-$11 admission, $7 skate rental
🔗 Details
One of D.C.’s most scenic ice rinks is back for the winter season! Glide near the Georgetown waterfront until 8:30 p.m. on work nights and 10:30 p.m. on Fridays, Saturdays and during winter break (Dec. 22-31).
The rink is even open on Thanksgiving, Christmas and New Year’s (check holiday hours on their website).
Want to make a day of it? We shared suggestions on what to do nearby in this edition of The Weekend Scene newsletter.
Maryland highlights
Family-friendly
LuminoCity’s Wonder Journey holiday lights festival
Through Jan. 1, Montgomery County Fairgrounds, peak admission, including taxes and fees, costs $33.47 (child)/$40.23 (adult)
🔗 Details
Step into a wintery fairy tale filled with lights spanning 12 acres. Don’t miss the red heart slide in the “Alice in Wonderland” zone.
Beyond the lights, you can visit dozens of roaring life-size dinosaurs, boogie on an LED dance floor or dig for fossils. You can also pay extra for train rides, a safari dig and a bounce zone.
Free & family-friendly
Holiday Share Fair
Sat., Black Hill Discovery Center in Boyds
🔗 Details
An old coat that’s too small? Boots you just don’t wear? A board game you’ve outgrown? If you’re decluttering before the holidays or looking for winter gear on a budget (i.e. FREE!), we’ve got the spot.
Imagine a trunk-or-treat for adults where “Givers” are invited to dress up their tables of fun finds.
Family-friendly
Festival of Lights – Bikes and Lights
Sun., in Upper Marlboro, $5
🔗 Details
Put a unique spin on your holiday lights tradition by biking through the enchanting displays in Watkins Regional Park.
This display with thousands of bulbs is usually a drive-through experience, so biking by will be extra special.
Virginia highlights
Free & family-friendly
Alexandria Holiday Tree Lighting with Santa
Sat., 6-8 p.m., near Alexandria City Hall (301 King St.)
🔗 Details
Take a stroll down King Street to Market Square for Alexandria’s tree lighting ceremony, which is expected to begin at or shortly after 6:40 p.m., followed by live music.
Make sure to stick around to watch Santa roll in on the King Street Trolley! Mr. and Mrs. Claus will greet families until 8 p.m.
Alexandria Cider Festival
Sat., Lloyd House (220 N. Washington St.), $55 or $25 for designated drivers
🔗 Details
Sample cider, enjoy live music and join in on tavern games at the Llyod House in Old Town. It’s a great opportunity to explore the historic Georgian house, one of five such buildings that still exist in Alexandria.
Concerts this weekend
Robyn Hitchcock, 6:30 p.m. Thursday, The Atlantis, $45.30
Listen to your elders. The Bob Dylan of alternative rock first made the scene in the ‘70s with psychedelic folk rock cult heroes The Soft Boys. Since then, with the Egyptians and later on as a solo act, the British singer/songwriter spent decades delighting fans with his surreal lyrics brimming with biting wit, as well as his esoteric stage banter. Not the artist to tell to shut up and play. In song and shtick, his storytelling is welcome and deserving of audience attention. Details.
Die Spitz, 7:30 Thursday, Black Cat, $26.40
Austin, Texas, quartet takes a wild and heavy approach to rock ‘n’ roll, leaning toward punk but too varied to pigeonhole. All things heavy — and wild. Band members trade instruments and share vocal responsibilities, with even the drummer getting out from behind the kit to take her turn at the mic. Their high-energy live shows will find them hanging from the rafters. Matching that energy — potentially upstaging it — North Carolina queer punk band Babe Haven opens. Details.
The OBGMs, 8 p.m. Thursday, Pie Shop, $21.44 (advance)/$24.54 (day of)
The Toronto punks’ music is thrilling, in your face and thought provoking. Their last two LPs — moving toward more accessible alternative rock — were shortlisted for Canada’s Polaris Prize. Details.
Silvana Estrada, 6 p.m. Friday, 9:30 Club, $45.30
Mexican singer/songwriter with a gorgeous, gently fluttering voice. The folk music of her country prevails, but her modern take is informed by many other styles. Her vocals need no translation to convey the emotion in her songwriting. Details.
American Analog Set, 7:30 p.m. Saturday, Miracle Theatre, $40
This indie band from ‘90s Austin, Texas, shuffled along at the pace of Yo La Tengo’s mellow moods while involving the krautrock of Stereolab and post rock similar to that of The Sea and Cake and even decelerating into slowcore. They call this set “Magic Hour,” consisting of songs from their original run of six albums. (The band took another 18 years to release a seventh LP in 2023.) Details.
More to do in D.C.
Frosted at Franklin Park: Nov. 21 to Jan. 7, downtown D.C., free
Concert – Sir Chloe: Fri., Lincoln Theatre
Punk Rock Flea: Sat., noon to 5 p.m., St. Stephen & the Incarnation Episcopal Church, free entry
DowntownDC Holiday Market: Nov. 21 to Dec. 23, F Street NW, free entry
Theater – “ho ho ho ha ha ha ha” with Julia Masli: Through Dec. 21, Woolly Mammoth, $49
Theater – “Hadestown”: Through Sun., National Theatre
More to do in Maryland
Montgomery County Thanksgiving parade: Sat., 10 a.m., Silver Spring, free
Thanksgiving coaster craft: Sat., Brentwood Arts Exchange, free
Pyramid Atlantic Art Center 10×10 art sale: Nov. 22 opening reception, on view through Jan. 4, Hyattsville, free entry
Movies on the Potomac – “The Grinch”: Sun., 2 p.m., National Harbor, free
More to do in Virginia
Pet Nights With Santa: Mondays from Nov. 17 to Dec. 8., Tysons Corner Center lower level, free
Buffalo Plaid Christmas Wreath Workshop: Thurs., 6 p.m., Ono Brewing Company in Chantilly, $67 per person
Herndon Turkey Trot 5k: Sat., 4 p.m., Herndon Community Center, $25-$45
Alexandria Holiday Tree Lighting with Santa: Sat., 6-8 p.m., near Alexandria City Hall (301 King St.), free
Alexandria Cider Festival: Sat., Lloyd House (220 N. Washington St.), $55 or $25 for designated drivers
Winter Lantern Festival: Opens Thurs., Tysons, $18.99-$25.99
Want to know what’s up for your weekend? Sign up for The Weekend Scene, our newsletter about events, experiences and adventures for you and for your family around the DMV.
Washington, D.C
The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely | Fortune
Dr Phillip Swagel is an optimist, both by nature and when he looks at the U.S. economy.
This fact is perhaps at odds with what one might assume: Swagel is the director of the Congressional Budget Office (CBO), the nonpartisan agency that offers independent budgetary and economic analysis to Congress.
Very often—an inevitable occupational hazard—the subject of national debt and the interest the U.S. Treasury pays to maintain is its central focus. The numbers are eye-watering: Public debt stands at more than $39 trillion. The interest expense on that borrowing now exceeds $1 trillion a year. Indeed, the latest budget update from the CBO highlights that the government—according to preliminary estimates—paid out nearly $530 billion between October 2025, when the fiscal year starts, and March 2026. This equates to more than $88 billion in interest payments a month, or more than $22 billion a week.
The CBO’s figures are routinely cited by policymakers, think tanks, and lobbyists as alarming evidence that the U.S. needs to find a more sustainable fiscal path or risk dire straits.
Swagel doesn’t subscribe to the notion that the U.S. will face a crisis of its own making. His justification is simple: He was at the Treasury during the 2008 financial crisis, and joined the CBO months before the COVID pandemic began. He has watched as the U.S. economy, seemingly against all odds, has clawed its way out of economic crises before.
That’s not to say Swagel isn’t a staunch advocate of setting the U.S. on a more sustainable fiscal path—rather, he trusts the people in power to do so when the time comes.
Why the optimism?
Among those concerned about national debt are notable names: JPMorgan Chase CEO Jamie Dimon, Federal Reserve Chairman Jerome Powell, and Bridgewater Associates founder Ray Dalio. Tesla CEO Elon Musk is also worried about federal spending and has endorsed a plan floated by Berkshire Hathaway founder Warren Buffett that would render members of Congress ineligible for reelection if they allow deficits to exceed 3% of GDP.
On the other hand, optimistic economists suggest that, despite the value of the debt, it’s not actually an issue: the bond market is holding steady, indicating a reliable market of buyers. Likewise, the U.S.’s own central bank buys huge swaths of the debt, meaning, in the simplest of layman’s terms, the economy can essentially print its own money. There are holes in this argument, not least the fact that Fed chairman nominee Kevin Warsh has suggested he would like to reduce the Fed’s balance sheet and may therefore be less inclined to finance borrowing.
Swagel’s positive outlook doesn’t rely on the argument that a crisis hasn’t happened yet, so therefore it never will: “[My optimism] is rooted in my experience,” Swagel tells Fortune in an exclusive interview in Washington D.C. “First being at Treasury during the financial crisis and seeing very difficult times and the country coming together with an effective response—not saying it’s perfect, lots of controversy—but it was effective.”
“The second thing is policymakers are smart, they’re thoughtful. Interacting with members of Congress makes me optimistic. I know you read about all the squabbles … I’m completely aware of this, but the policymakers that are thinking about these things are thoughtful and effective. Not necessarily always effective at passing legislation, but that’s part of our political system, it was set up to make it difficult ot pass legislation.”
Decisions on the horizon
Swagel’s optimism that Congress will be pushed into action will be tested sooner rather than later, likely at some point in the next six years, he told Fortune. This is partly due to the fact that, according to the Committee for a Responsible Federal Budget (CRFB) both Social Security and Medicare will become insolvent within that time period.
“Making progress to address the fiscal trajectory would be a positive for the U.S. economy,” Swagel said. “Credible steps would lead to lower interest rates that would make the subsequent adjustment easier, there is a reward to virtue. It’s a positive thing, we can’t go on [with] the scolding narrative. My sense is that members of Congress understand the fiscal situation, it’s not that everyone single one has looked at our one-pager of numbers and understands the debt to the third decimal point, but they understand something needs to be done.”
“It doesn’t have to be done immediately, but at some point reasonably soon.”
Swagel is of the opinion that bond investors haven’t increased risk premiums not because they’re not worried about a fiscal crisis, but because they have priced in preventative action from Congress—in his mind “a vote of confidence that my optimism is not misplaced.”
“As a country, we face up to these problems. It’s not happening now, I’m not sure it’s going to happen in the rest of this year or even the next year, or the next two years. But we will face up to it, and the market in some sense expects us to, because otherwise interest rates would be higher,” he explained.
The Cheesecake Factory
The role of the CBO, to some extent, is to provide policymakers with their options if and when they do choose to take action on federal deficits. It’s a menu not unlike the Cheesecake Factory, Swagel says: Large, inclusive of a range of modifications and options, and delivered without judgement.
“Right now it’s maybe a pick three, and you’re looking at a six or seven course menu,” joked Caleb Quakenbush, director of fiscal policy at the Bipartisan Policy Center, in an interview with Fortune. “The longer you delay, the more you’re gonna have to add to your tab, and those options become more expensive.”
Indeed, economists and analysts aren’t necessarily worried about the absolute level of government debt, rather the debt-to-GDP ratio. Depending on whom you ask, the debt-to-GDP ratio stands at around 122% of GDP at present. This measure demonstrates an economy’s spending versus its growth, and the risk associated with lending to a nation that isn’t growing fast enough to handle its spending. To rebalance that ratio, an economy could either cut spending or increase growth—the latter being by far the less painful option.
The growth option is becoming less feasible, Michael Peterson, CEO of fiscal think tank the Peter G. Peterson Foundation, told Fortune in an exclusive interview: “I think it requires government action because we’ve waited so long. We’ve added so many trillions, and the current deficit is so big at 6% that the level of growth you would need really exceeds what is feasible.
“Growth needs to be a part of it, but it’s sort of a vicious cycle. The longer we delay, the more debt we have, the slower growth is going to be. The more we get this under control, I think the greater optimism there is, interest rates go down, more growth comes from that. It’s sort of a virtuous or vicious cycle depending on your policy response.”
TALLAHASSEE, Fla. (WCTV) – Seventy-two veterans took a trip Saturday to our nation’s capital to visit memorials honoring their service in the armed forces.
This year marks the 12th trip to Washington, D.C. for Honor Flight Tallahassee.
Early Saturday morning, veterans and their guardians met to take a charter flight up to D.C.
Throughout the day, veterans were taken to the World War II memorial, as well as the Korean and Vietnam War memorials. The veterans also visited Arlington National Cemetery and the Tomb of the Unknown Soldier.
More Tallahassee news:
The day ended with a wonderful welcome home celebration.
Our Jacob Murphey, Julia Miller, Taylor Viles, and Grace Temple accompanied the veterans, capturing moments from throughout the day.
The team will have live coverage from Washington, D.C. on Monday to share more from the day’s events.
We will continue to have coverage throughout the month of May, leading up to our Honor Flight special on Memorial Day.
To keep up with the latest news as it develops, follow WCTV on Facebook, Instagram, YouTube, Nextdoor and X (Twitter).
Have a news tip or see an error? Write to us here. Please include the article’s headline in your message.
Be the first to see all the biggest headlines by downloading the WCTV News app. Click here to get started.
Copyright 2026 WCTV. All rights reserved.
4 things to know about the weather:
- Chances of rain in the morning
- Gusty Sunday
- Chilly Monday
- Temps will rise again through the work week
Download the NBC Washington app on iOS and Android to check the weather radar on the go.
After a nice and warm Saturday, changes arrive for part two of the weekend.
The first half of your Sunday will have a chance for showers. Winds will pick up with our next system and are expected to gust to about 20-30 mph. Cooler air will settle in, and lows Sunday night fall into the 40s.
Highs temps Monday will reach only into the mid to upper 50s.
However, temperatures will rise through the week, so you won’t need your jackets every day.
QuickCast
SUNDAY:
Showers, then partly cloudy
Wind: NW 10-15 mph
Gusts @ 30 mph
HIGH: Lower 60s
MONDAY:
Partly cloudy
Wind: NW 10-15 mph
Gusts @ 25 mph
HIGH: Upper 50s
Stay with Storm Team4 for the latest forecast. Download the NBC Washington app on iOS and Android to get severe weather alerts on your phone.
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