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Budget pact shows slim near term cuts in federal outlays
The CBO estimates the spending bill backed by Obama and Boehner would cut just 352 million from non war outlays through Sept 30, with total outlays rising 3.3 billion when war funding is included. Deficit reduction claimed spans a decade, while immediate effects are small due to mid year timing. House votes set for Thursday amid stopgap risk.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
House
John Boehner
Congressional Budget Office
Federal Treasury
Senate
CBO
Obama
House Appropriations Committee
Harold Rogers
Minnesota
Tim Pawlenty