CBO: Budget Deal Raised Spending $3.2 Billion

Tuesday, 17 May 2011 12:42 PM

By Dan Weil

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
When Congress and the White House came to an agreement on the 2011 budget last month to avoid a government shutdown, the deal was advertised as cutting spending by $38.5 billion. In fact, it raises government spending by $3.2 billion for the rest of the fiscal year, which ends Sept. 30, the Congressional Budget Office (CBO) said Monday, The Hill reports.

The new figure stems from an increase in defense spending of $7.5 billion that results from a speed-up in some of the Pentagon’s funding. Non-military spending will drop by $4.4 billion.

Brendan Buck, a spokesman for House Speaker John Boehner argues on Boehner’s website that the CBO’s accounting doesn’t include a full range of data and therefore provides “an uneven snapshot” of the budget accord.


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sony's Lawyer: 'The Interview Will Be Distributed'

Monday, 22 Dec 2014 09:06 AM

Sony Pictures is planning to release the controversial movie “The Interview” at some stage, the company’s lawyer says. . . .

Medicare Extends Priority Appeals Process for Seniors

Monday, 22 Dec 2014 07:41 AM

The federal office responsible for appeals for Medicare coverage says that it will extend the policy that gives priority . . .

Another Hacker Group Warns Sony: Release 'Interview' or Else

Monday, 22 Dec 2014 07:24 AM

Competing pressures from different groups of hackers are being brought to bear on Sony Pictures over the decision not to . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved