X

CBO: Dems' Plan Falls Short, Too

...about $500 billion shy of goal
By Evann Gastaldo,  Newser Staff
Posted Jul 27, 2011 9:38 AM CDT

(Newser) – Looks like the Republicans aren't the only ones whose debt ceiling plan falls a little short: The Congressional Budget Office says the Senate Democrats' plan would only cut the deficit by $2.2 trillion over the next decade, not the $2.7 trillion promised by Harry Reid, reports the Wall Street Journal. The CBO had similarly bad news for John Boehner's plan yesterday, which has added to the problems he's facing in gaining support for his plan. In need of some levity? Click for an amusing anecdote from yesterday's Republican talks. (Read more federal budget talks stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X