SEARCH
« Michelle Obama Celebrates International Women’s Day | Main | Wisconsin Gov. Scott Walker, Bipartisan Lawmakers Targeted for Recall »
Tuesday
Mar082011

CBO: Democrats’ '$6.5 Billion' in Spending Cuts Actually $4.7 Billion

Jupiterimages/Thinkstock edit Delete caption(WASHINGTON) -- The Congressional Budget Office this week said that the Senate Democrats’ bill offers $4.7 billion in spending cuts -- not the $6.5 billion that President Obama and congressional Democrats said.

After last week’s meeting on Capitol Hill among congressional leaders and Vice President Biden, Senate Democrats wrote legislation and gave it to the CBO to be analyzed. CBO placed the cuts at $4.7 billion.

The bottom line: Democrats and Republicans are roughly $52 billion apart in the cuts they want to see.

Copyright 2011 ABC News Radio 

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio