Congressional analysis estimates budget deal would increase deficit by $41.4B in 2014-15
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.
Read more Business News
- Burying utilities uncovers $1M overrunKelowna - 2:37 pm
- Car goes under school busBC - 2:34 pm
- Sunshine brings out cyclists & warningKelowna - 2:54 pm
- Cyclist hit by oncoming trafficKelowna - 2:48 pm
|QHR Technologies Inc||1.24||+0.05|
|Anavex Life Sciences||0.47||-0.07|
|Copper Mountain Mining||2.03||-0.11|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.29||+0.015|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...