Posted by
Defend America on Saturday, December 05, 2009 12:04:18 AM
CBO: Financial overhaul would hike deficit by $4.5 billion
By Silla Brush
-
12/04/09 07:56 PM ET
A
wide-ranging House bill to crack down on Wall Street and revamp the
nation's financial markets will increase the nation's deficit by $4.5
billion over the next decade, according to the Congressional Budget
Office (CBO).
The nonpartisan CBO said late on Friday that the
effort between 2010 and 2019 would increase revenues to the federal
government by $4.9 billion and increase spending by $9.4 billion. The
package would have its biggest fiscal impact between 2010 and 2014,
when budget deficits would increase by $10.7 billion, CBO said.
http://thehill.com/homenews/house/70723-cbo-financial-regulation-bill-would-increase-deficit-by-45-billion