Congressional analysis estimates budget deal would increase deficit by $41.4B in 2014-15 - InfoNews

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Congressional analysis estimates budget deal would increase deficit by $41.4B in 2014-15

Graphic shows highlights of budget deal; 1c x 3 inches; 46.5 mm x 76 mm;
December 11, 2013 - 11:51 AM

WASHINGTON - 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.

News from © The Associated Press, 2013
The Associated Press

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