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VOL. 37 | NO. 49 | Friday, December 06, 2013
New estimate says budget deal raises deficit $41B
WASHINGTON (AP) — Congress' budget office estimates that the just-announced budget deal would increase the deficit over the next two years by $41.4 billion.
The analysis also says the deal would save taxpayers $23 billion, when calculated over the coming decade.
But there's a cost when it comes to deficits.
The budget office says the bipartisan agreement would increase the deficit by $23.2 billion in 2014 and by $18.2 billion the year after that.
The deal permits $63 billion in relief from automatic spending cuts over the coming two years and substitutes $85 billion in longer-term savings and fee proposals over the coming decade.
That framework has drawn the ire of some conservatives.