CBO: Budget deal cuts this fiscal year’s deficit by just $352 million, not $38 billion touted

Associated Press | Apr. 14, 2011 (News)

A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in promised savings by the end of this budget year. Full Story »

Posted by Jon Mitchell - via Dave Weigel, Marc Ambinder, Memeorandum

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Subjects: U.S., Politics, Business
Topics: U.S. Budget, U.S. Congress, Money and Politics, Deficit
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# Diggs: 25 (as of 2011-04-16)
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Posted by: Posted by Jon Mitchell - Apr 13, 2011 - 3:54 PM PDT
Reviewed by: Jon Mitchell (review), Alfredo (review), Cynthia (review), Eric Stevenson (review), Don Bertschman (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Jon Mitchell - Apr 14, 2011 - 11:04 AM PDT

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Jon Mitchell
3.5
 by Jon Mitchell - Apr. 14, 2011
Jon posted this story.
See Full Review » (10 answers)
Don Bertschman
3.5
 by Don Bertschman - Apr. 15, 2011
See Full Review » (18 answers)
Eric Stevenson
2.5
 by Eric Stevenson - Apr. 15, 2011

While the story itself appears on the surface to be fair and unbiased, AP has long been a strong supporter of the Obama White House, so it has been especially critical of the CBO as a result. I would take this article on surface value and put more merit itself on the CBO.

See Full Review » (4 answers)
Alfredo
4.5
 by Alfredo - Apr. 15, 2011
See Full Review » (3 answers)
Cynthia
1.5
 by Cynthia - Apr. 14, 2011
See Full Review » (2 answers)

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