Reuters logo
US budget deal costs $3 bln more in short term
May 16, 2011 / 7:59 PM / 6 years ago

US budget deal costs $3 bln more in short term

WASHINGTON, May 16 (Reuters) - A hard-won budget deal that was touted as the biggest domestic spending cut in U.S. history when it passed Congress last month will actually cause the government to spend $3.2 billion more in the short term, according to a new estimate released on Monday.

But the deal sets the government on track to spend $122 billion less over the next 10 years, the nonpartisan Congressional Budget Office said.

Reporting by Andy Sullivan; editing by Sandra Maler

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below