U.S. spending cuts fall short of $38 bln - CBO

WASHINGTON, April 14 Thu Apr 14, 2011 12:35pm EDT

WASHINGTON, April 14 (Reuters) - A U.S. budget deal that includes $38 billion in spending cuts actually would reduce government spending by only $20 billion to $25 billion in the coming 10 years, the nonpartisan Congressional Budget Office said ahead of a vote in the House of Representatives.

Many of the cuts included in the budget deal would have little or no effect on how much money the government actually spends, the CBO said, because they come from programs that normally lie beyond the reach of the annual budget cycle.

(Reporting by Andy Sullivan; Editing by Bill Trott)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.