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CBO sees higher near-term deficits under Obama plan

Posted by Politics News Headlines - Yahoo! News On March - 16 - 2012 News Politics

U.S. President Obama talks to a crowd about American energy at Prince George's Community College in LargoWASHINGTON (Reuters) - Deficits for the next two fiscal years would be slightly higher than the White House envisions if President Barack Obama's budget plan were adopted, the Congressional Budget Office said on Friday. The CBO's latest analysis shows the plan would pile up $6.39 trillion in cumulative deficits over a 10-year period, but that figure is about $294 billion less than the White House estimated in February for the same 2013-2022 period. ...


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