Stig Östlund

måndag, augusti 01, 2011

Budget Office says debt deal will save at least $2.1 trillion

The Congressional Budget Office confirmed Monday that the debt-reduction deal struck by the White House and congressional leaders would cut deficits by at least $2.1 trillion over the next 10 years, if lawmakers approve the plan later Monday.

The independent budget analysts reconfirmed that it contains up front savings of $917 billion, the same level as initially proposed in legislation offered by House Speaker John A. Boehner (R-Ohio) last week, and it credited President Obama and the leaders with at least $1.2 trillion in savings for the follow-on work to be done by a special committee.

WASHINGTON POST

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